- After cumulative ocean carrier profits exceeded some $9bn for the final quarter of 2020, the returns for the liner industry could double that in Q1 this year.
- Cosco Shipping expects its Q1 net profit would reach a massive $2.3bn.
- This is in comparison with just $44m for the same period a year ago, after Cosco Shipping average freight rate leapt 54% quarter on quarter.
- Carriers are also reducing the MQC (minimum quantity commitment) on contracts in order to allocate more space for even...
https://mfame.guru/booming-container-market-for-another-2-years/