HSBC expects sudden decline in container carrier earnings

The British multinational financier heralds a steep fall in the record earnings of container liners. The bank estimates a dive of 80% in 2023-2024 due to overcapacity and sliding demand.

Photo: Stephen B. Morton/AP/Ritzau Scanpix

by DAG HOLMSTAD

The historic earnings seen at Maersk, Hapag-Lloyd and other container carriers could end soon, according to a new, ill-boding analysis by major British bank HSBC.

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