Reported 12 months ago
As the crisis in the Red Sea intensifies due to conflicts in Lebanon and elsewhere, container shipping rates have been continuously rising since July. Experts predict that the delayed impact of the Red Sea crisis on profits will soon become evident, with container shipping companies expected to see significant profit growth starting from June. The top three container shipping companies are projected to collectively earn over 500 billion NT dollars in the second quarter, with the potential to reach billions this season. The current high freight rates have led to optimistic projections for the financial performance of these companies, surpassing the earnings of the entire previous year.
Source: YAHOO