Container shipping, it appears, loves a crisis. With the pandemic supercharging carrier incomes, the latest dip has been abruptly halted by the Red Sea diversions which have boosted the major lines’ net income by over US$6 billion.
Those same diversions could further boost carrier incomes as the peak season volumes see demand soar, according to consultants Maritime Strategy International (MSI).
A quarter-on-quarter increase from a US$700 million net loss in Q4 2023 to a net income of US$5.4...
https://container-news.com/red-sea-bounce-gives-carriers-bottom-line-boost/