Shipping Lines Learn to Make Money By Balancing Supply and Demand
September 4, 2020
(WSJ) When countries began locking down their economies early this year in the face of the spreading coronavirus pandemic, the world’s container lines braced for a steep decline in shipping demand. Analysts warned that massive financial losses would soon follow at seagoing companies that carry the lion’s share of global trade.
Trade flows have in fact fallen, but the red ink for shipping lines never came.
Instead, profitability across the business is growing and some operators are reporting their best earnings in years.
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