News / Best Q2 for container lines in two years as they eye a $10bn profit swing

© Jordan Tan | Dreamstime.com - Wan Hai Lines cargo ship travelling near Changi

Container lines have enjoyed their most profitable quarter in two years, according to a review of second-quarter carrier results by Drewry, and are looking at a $10bn swing in profitability

With the exception of CMA CGM, which will report later this week, all carriers which publish their financial results have now posted their interim first-half numbers.

“Our preliminary operating margin estimate is that during second quarter of 2017 the industry enjoyed its most profitable quarter in two years, with margins hitting around 4%,” ...