News / Major ocean carriers sailing towards astonishing $200bn profit this year

© Nils Prause

With stock market-listed ocean carriers reporting even better-than-expected profits for the third quarter, their executive boards are being forced yet again to upgrade full-year earnings forecasts.

A third of the way through the final quarter, carrier profits are trending even stronger, as higher contract rates begin to filter through to voyage results and combine with the sky-high spot rates lines are enjoying across many trades.

Indeed, the massive industry-wide $150bn full-year estimate Drewry posted just a few weeks ago already appears a ...