Despite market uncertainty and a volatile geopolitical climate, in Q1 this year, major carriers recorded a combined Ebit of 5.89 billion, according to research by maritime consultancy Sea-Intelligence.
This is only lower than Q1 in the 2021-2023 pandemic period.
As market disruptions continued in Q2, with shifting volumes and consistent downward pressure on freight rates, the same major lines recorded a combined Ebit of 2.73bn for the period.