From gCaptain, November 20:
The container shipping industry has experienced a remarkable turnaround in the third quarter of 2024, with total net income soaring to $26.8 billion, marking a staggering 164% increase from the previous quarter, according to renowned industry analyst John McCown.
The impressive growth trend, which began in the first quarter of 2024, has been primarily fueled by capacity tightening in the Red Sea region and strong global demand.
In his Q3 financials report, McCown reports that compared to the same quarter last year, net income skyrocketed by 856%, representing a $24.0 billion increase. This dramatic upswing follows a period of declining earnings that lasted for six consecutive quarters after the industry’s peak earnings of $63.1 billion in Q2 2022....
Credit: John McCown
Hmmm, someone should maybe look into money flows from Copenhagen or Marseilles or Geneva to Yemen.
The largest container shipping companies as of 2024 are
Mediterranean Shipping Company (MSC)
APM-Maersk
CMA CGM
— https://www.marineinsight.com/know-more/10-largest-container-shipping-companies-in-the-world/
