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)

 

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Source: Phaata.com (According to SeaIntelligence)

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