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Shipping line profits continue to rise

"Spot rate levels continue to fall, underlining that we are in fact in the transition phase back to normal," said maritime industry analyst Lars Jensen. However, he also makes it clear that “the decline will take quite some time before normality resumes, so burden takers should not plan based on any (similar) pre-pandemic normality in the short term.”

The analyst notes with interest how several shipping lines have increased their profit projections for 2022, as was the case of Maersk, which raised its EBITDA prospects from US$30.000 billion to US$37.000 billion.

While Jensen acknowledges that this, at first glance, seems to contradict the narrative of a declining market, he points out that the reality is that, “while spot rates are declining, contract rates for 2022 are substantially higher than those for 2021.”


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