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Drewry forecasts half trillion dollar 2022 profit for global container carriers

According to the latest forecast by UK shipping consultancy Drewry, the world container shipping industry could post an unprecedented half a trillion dollars of operating profit by the end of 2022. This would far exceed the record $190 billion profit made in 2021 in a global shipping environment dominated by astronomical freight rates and severe supply chain issues.
The 11 global carriers that publish their results posted a $59.3 billion net profit in the first quarter of this year. This represented the sixth consecutive quarter of the highest net income ever for the container shipping industry.
Among carriers, Hapag-Lloyd, for example, reported a record operating profit of EUR4.3 bn ($4.8 bn) for Q1 2022. It indicated last week that it expected second quarter results to come in “slightly south” of the first quarter. (Photo Dreamstime)