News / Second quarter best since 2010, as container shipping sees $2.7bn profit

The container shipping industry posted a combined profit of $2.7bn in the second quarter of this year – every line publicly reporting financial results being in the black.

According to new research from liner analyst SeaIntelligence Consulting, the positive results were despite every line experiencing declining revenue and year-on-year volumes.

“Looking at the financial performance, the shipping lines have been able to navigate these uncertain times rather well,” said SeaIntelligence Consulting chief executive Alan Murphy.

“This has to be the result of a ...