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Kommersant: sea container carriers expect record profits

Kommersant: sea container carriers expect record profits
Photo: pixabay.com
Line operators of sea container shipping expect record financial results in the first quarter. According to market players, demand will remain high until the end of the year.

According to "Merchant", The growth of profits by 14 times in the first quarter of 2021 alone was reported in the Maersk company. Profit amounted to USD 2,7 billion, which is comparable to the level of the whole of 2020.

Russian companies are also optimistic about the prospects for 2021. FESCO predicts a 10% increase in the market compared to 2020. The growth of rail container traffic is also expected to grow by 14,5%, TransContainer told the newspaper.

At the same time, Blue Alpha Capital experts believe that 2020 was the best year for container shipping. The Loadstar calculated that it was $ 15,8 billion, which is two more than the combined profit of the companies over the past five years.

The main reasons for this growth are a 35% decline in fuel prices and economic recovery. Also, due to the shortage of containers, the terms of their return to China from Europe and the USA have slowed down. This led to increases in freight prices. The blockage of the Suez Canal also had a point effect in 2021.
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