Container Lines’ Net Profits Expected to Top $150bn for Next Two Years: Drewry

Longer than anticipated supply chain disruption has led maritime research consultancy Drewry to extend it prediction of how long current sky-high freight rates will continue and to revise ever further upwards its projections of carrier profitability.

Drewry estimates the sector made nearly $40bn pre-tax profits in Q2 and is on track to net “an eye-watering EBIT of $150 billion in 2021, and slightly more again in 2022,” according to the latest edition of its Container Forecaster published in early October.