Shipping rates are collapsing. A massive wave of new vessels will hit the water next year. Consumer demand will be battered by a global recession. Ergo, the ocean carrier industry is doomed to crash. This is an increasingly popular theory — but it’s not what Drewry, one of the industry’s leading consultancies, predicts.
Drewry’s base case for 2023 is that the ocean carrier sector will post earnings before interest and taxes (EBIT) of $100 billion. That’s down 64% from a projected 2022 EBIT of...
https://www.freightwaves.com/news/heres-how-container-shipping-lines-can-escape-a-crash-in-2023