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Sea freight: record profits for container ships

2022-09-16T05:23:14.397Z

DECRYPTION – The profits of the behemoths in the sector, including the French CMA CGM, are breaking records. Since the Covid crisis, container prices have skyrocketed.



They are called MSC, Maersk, CMA CGM and play a central role in the globalization of trade, transporting thousands of containers loaded with goods on their ships.

One might have feared that the Covid epidemic was going to deal a fatal blow to the maritime transport sector, but the opposite has happened: after a sharp slowdown at the start of 2020, world trade is up again like never before in the fourth quarter as the economy recovered and consumers, restricted in their travel, rushed to e-commerce and the purchase of products made in China.

As of the first quarter of 2021, container demand increased by 8% globally.

And the rates for the latter were multiplied by three, particularly on routes from Asia to Europe and North America.

An absolute record

Good news for our giants of the seas.

In 2021, the profits of CMA CGM reached 17.9 billion dollars, making this family group, which is headquartered in Marseille…

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Source: lefigaro

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