News / Container lines could be banking $5bn in profits this year, says Drewry

The MOL Triumph on the Elbe

Strong cargo growth, driven by vigorous retail restocking, will result in global demand growth this year of some 4%, compared to a capacity increase of about 3%, according to the latest analysis from Drewry.

And with supply and demand tightening, profitability in the liner industry is assured this year, said the consultant.

“The tide of low freight rates is reversing,” said Drewry, forecasting an average, across-the-board 16% hike in rates, with yet more increases to come, and “much higher contract rates on some routes”.

Speaking ...