Liner shipping on course to smash last year’s record profits by 50%

Despite myriad doom and gloom headlines based on rapidly declining spot rates, an influential container expert is forecasting liner shipping will post a full-year net profit of $223.4bn, a 50.6% improvement over the record profits made last year.

John McCown, who runs Blue Alpha Capital in the US, has issued his latest liner quarterly profits report, which show that while Q2 marked an earnings peak for container shipping, Q3 remained strong thanks to the large portion of boxes that move on contract, not on spot.

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