ShippingWatch

High contract rates boost earnings of five container lines

Several container carriers book record revenue and operating result for the first quarter. High contract rates will have the earnings boom continuing into the second quarter, writes Alphaliner.

Photo: PR / Cosco Shipping

Five major container lines led by Maersk have managed to book record-high revenues and operating incomes in the year’s first quarter as compared with the preceding quarter – with a single exception.

The operating result (EBIT) of the five carriers rose by an average of more than 12% in Q1 compared to the preceding quarter, with China’s Cosco, however, being the only one whose EBIT result didn’t set a record, according to Alphaliner.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

HMM doubled revenue in Q1

South Korean container line HMM follows the trend of European competitors, which have already presented their first-quarter financials. Revenue doubled in a significant surge.

Further reading

Related articles

Latest news

See all jobs