date:Oct 13, 2021
Independent maritime research consultancy Drewry has revised its projections of profits by container lines. Profits are projected to reach an unheard-of high of US$150 billion for 2021.
Drewry, which, earlier in July, forecasted the combined profit for the year to reach the US$100 billion benchmark, claims: Stronger than expected spot rate movement in 3Q21 and a longer supply chain recovery timeline are behind our reason to upgrade the outlook.
The new estimation is in line with upped earnings