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Supply chain turmoil will last longer than thought, forcing big upgrades to container freight rates and carrier profit forecasts in Drewry’s latest Container Forecaster report. A longer than anticipated period of supply chain disruption has forced Drewry to once again raise our forecasts for container freight rates and industry profitability in the latest edition of ...
Container Market: Feeling hot, hot, hot The container shipping market has never been so hot. Investors are piling in as carrier profits take off to new heights. How long can it last? The progression of quarterly carrier operating profits in 2020 was exponential with a near doubling in each proceeding three-month window. Subsequently, the end-year result was the best industry performance that Drewry has records for at an estimated $26.6 billion, with an operating margin of 13.0%. How long can this business upcycle last? These are uncharted waters as the container industry has historically been...