News / Ocean carriers on a high and 'surfing a wave' of profitability

© Sheila Fitzgerald

Ocean carriers are “taking advantage of the moment”, according to Alphaliner, boosting their balance sheets on the back of booming demand and all-time high spot rates.

Carriers are “surfing a wave”, said the consultant, but added that mid-term visibility was low and global growth predictions for next year and beyond were shrouded in uncertainty.

Alphaliner said 2020 would be remembered as “one of the strangest years” for container shipping, with carriers issuing profit warnings at the start of the second quarter as ...