Liner shipping companies have posted strong financial results for Q3 2020 and for the first nine months of the year in comparison to the corresponding 2019 periods, with Q4 2020 expected to be exceptionally profitable.
Strong spot rates, an array of new container services sprouting up to meet demand, and Hapag-Lloyd recently raising its full-year earnings forecast all point to a profitable Q4 2020 for liner shipping companies.
BlueWater Reporting’s latest report, “Liner shipping companies expected to post strong Q4 financial results,” provides the net profit of prominent liner shipping companies for Q3 2020 and for the first nine months of 2020 on a year-over-year basis.
The report also provides data on why they were so profitable in Q3 2020, container capacity data on major trade lanes, and an outlook for the liner shipping industry.
BlueWater Reporting’s latest report can be found here.