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2022 Container Shipping Outlook

Wed 13 April, 2022

2022 Container Shipping Outlook

MORE MONEY MORE PROBLEMS

The container shipping industry has enjoyed the occasional good year in the past, but it never saw anything like 2021. Carriers in 2021 did more than merely recover from their pre-pandemic slump; they posted results unprecedented in the history of the industry. To better grasp the extent of the container shipping industry’s windfall, consider this: the $90-billion increase in 2021 revenue over 2019’s results- the product of surging cargo volumes and a 200% increase in rates, which was six times pre-pandemic levels- is equivalent to Chevron’s entire 2021 revenue.

QUICK GLIMPSE

Debt levels decreased further, and carriers are the healthiest they’ve been in over a decade

As profits skyrocketed, EBIT increased by ~390% from 2020, and 16x from pre-pandemic 2019

$900M in transactions in Jan-Feb/2022 and over $9.5B in announced deals expected to be closed in the next 18 months
Service levels have dramatically deteriorated since 2020 – schedule reliability fell from 78% in 2019 to a record low 30% in 2022.
Learn new strategies to adopt as a freight forwarder amidst the carrier’s soaring profits.
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