With stock market-listed ocean carriers reporting even better-than-expected profits for the third quarter, their executive boards are being forced yet again to upgrade full-year earnings forecasts.
A third of the way through the final quarter, carrier profits are trending even stronger, as higher contract rates begin to filter through to voyage results and combine with the sky-high spot rates lines are enjoying across many trades.
Indeed, the massive industry-wide $150bn full-year estimate …

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Source: The Loadstar