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Exploding maritime transport prices inflate shipowners' profits

2021-02-04T20:10:34.090Z


DECRYPTION - Despite the health crisis, the profession expects record profits for 2020, up to 14 billion.


Crisis?

What crisis?

The kings of container ships don't shout it too loudly.

But they took full advantage of the pandemic.

By July, their giant ships which transport products made in Asia (televisions, sofas, computers, barbecues, etc.) to the West in enormous “boxes” were filled to the brim.

And throughout the year, low oil prices have allowed shipowners to pay very little for their fuel ($ 350 per tonne on average against $ 500 to $ 600 in their forecasts).

To read also:

Maritime transport summoned to "go green"

Suddenly, the profession is counting on record profits for the 2020 financial year: $ 11 billion according to the maritime consulting firm Drewry;

14 billion, even, for another specialist in sea transport, Sea Intelligence.

In any case, unheard of since 2010.

Maersk, the world leader, which owns more than 700 boats, has raised its EBITDA forecast from $ 500 million to $ 8 or $ 8.5 billion.

“We expect to achieve a stronger fourth quarter than

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Source: lefigaro

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