Notwithstanding a significant decline in container liftings as a consequence of the global pandemic, ocean carriers have confounded the dire predictions of analysts with their more optimistic outlook for earnings.
Sea-Intelligence, which only a few weeks ago predicted a worst-case annual loss for the liner industry of $23bn, said that, based on its remodelling, the carriers could potentially achieve a profit for the year “in excess of $9bn”.
The consultant said there …
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Source: The Loadstar