Profit of shipping lines reached 43.9 billion USD in Q1-2022
This level of profit is not only higher than the total profit of the first quarter of the previous 12 years, but also higher than the profit of the third quarter of 2021. international container transfer valve
Shipping lines recorded very strong profits in the first quarter of 2022. The combined profit of global carriers was $43.9 billion in the first quarter of 2022 (including listed carriers and public carriers).
Overall, this Earnings Before Interest and Taxes (EBIT) is not only higher than the total Q1 EBIT of the past 12 years, but also higher than the EBIT of Q3 2021, an unprecedented growth.
The four carriers that recorded EBIT in Q1 2022 over $5 billion were: CMA CGM recorded the largest EBIT of $7.64 billion, followed by Maersk with an EBIT of $7.07 billion, COSCO with an EBIT of $6.26 billion and ONE Line with an EBIT of $5.23 billion.
The chart below shows the EBIT margin per TEU (unit for 1 20-foot container) of shipping lines in Q1 2022.
Profit per TEU of shipping lines (Photo: Sea-Intelligence)
See more:
- Shifl predicts freight rates to the US may decrease further
- Drewry expects spot freight rates to remain stable in the near future
- Container freight rates for long-term contracts increased by nearly 100% - Xeneta
Source: Phaata.com (According to SeaIntelligence)
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