News / Carriers’ golden summer may be turning into autumn as profits plateau

ONE Machinac Nansha Port China Source ONE

There was another new record for ocean carrier earnings in Q1, but with operating costs spiralling and spot rates starting to head south, liner profitability may have plateaued.

With results from CMA CGM still to come, consultancy Blue Alpha Capital has estimated Q1 net earnings of the major ocean carriers at a staggering $59.3bn – compared with $19.1bn the year before.

Based on the quarter-on-quarter earnings growth of rival Maersk, Blue Alpha Capital has estimated a net figure of $7.58bn for CMA ...