{"id":152732,"date":"2021-10-08T16:30:08","date_gmt":"2021-10-08T08:30:08","guid":{"rendered":"https:\/\/splash247.com\/?p=152732"},"modified":"2021-10-08T16:59:03","modified_gmt":"2021-10-08T08:59:03","slug":"liners-now-on-track-for-combined-150bn-in-earnings-with-2022-poised-to-create-further-records","status":"publish","type":"post","link":"https:\/\/splash247.com\/liners-now-on-track-for-combined-150bn-in-earnings-with-2022-poised-to-create-further-records\/","title":{"rendered":"Liners now on track for combined $150bn in earnings with 2022 poised to create further records"},"content":{"rendered":"\n<p>Shipping consultants Drewry have revised their full year forecasts for the combined liner community, now suggesting the world\u2019s containerlines are on course to post \u201ceye-watering\u201d earnings before interest and tax (EBIT) of $150bn, at least five times previous all time records for the sector. Moreover, despite evidence the spot market might have peaked in recent days, Drewry is forecasting carriers will nail even greater EBITs in 2022 thanks to locking in substantially higher long term contracts with clients.<\/p>\n\n\n\n<p>Drewry data shows that in Q2 liners notched up an EBIT of $39.2bn, an 11-fold improvement over the same pandemic-strewn period in 2020.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:65%\">\n<p>Drewry started 2021 forecasting carriers would earn a combined $35bn, a figure it upgraded in July to $80bn to $100bn as the sector hit heights never seen before. This latest upgrade, more than four times Drewry\u2019s first projection, underlines just how startling and meteoric the rate rises have been this year.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:35%\">\n<blockquote class=\"wp-block-quote quote-simple is-style-large is-layout-flow wp-block-quote quote-simple-is-layout-flow\"><p>Typing these numbers on a page is frankly surreal<\/p><\/blockquote>\n<\/div>\n<\/div>\n\n\n\n<p><br>Looking to next year, Drewry suggests the $150bn figure could be topped, something that will send shudders across many in the shipper community.<\/p>\n\n\n\n<p>\u201cFor 2022, spot rates are expected to decline, but there will be a significant increase in contract pricing, leading to an increase in average global pricing of about 6%,\u201d Drewry predicted in its latest Container Insight report.<\/p>\n\n\n\n<p>\u201cTo seasoned observers of the container market, typing these numbers on a page is frankly surreal,\u201d the Container Insight report conceded.<\/p>\n\n\n\n<p>Drewry\u2019s latest spot box figures, published yesterday, show its composite global index decreased 2.2%, but remains 289% higher than a year ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shipping consultants Drewry have revised their full year forecasts for the combined liner community, now suggesting the world\u2019s containerlines are on course to post \u201ceye-watering\u201d earnings before interest and tax (EBIT) of $150bn, at least five times previous all time records for the sector. Moreover, despite evidence the spot market might have peaked in recent &hellip;<\/p>\n","protected":false},"author":3,"featured_media":144090,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[56],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Liners now on track for combined $150bn in earnings with 2022 poised to create further records - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/liners-now-on-track-for-combined-150bn-in-earnings-with-2022-poised-to-create-further-records\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liners now on track for combined $150bn in earnings with 2022 poised to create further records - Splash247\" \/>\n<meta property=\"og:description\" content=\"Shipping consultants Drewry have revised their full year forecasts for the combined liner community, now suggesting the world\u2019s containerlines are on course to post \u201ceye-watering\u201d earnings before interest and tax (EBIT) of $150bn, at least five times previous all time records for the sector. 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