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> Did the top 4 not have hug e profit growth and fit comfortably into your narrative? https://accountable.us/report-top-5-shipping-companies-saw-profits-spike-
by irjustin 3y ago
> Did the top 4 not have hug e profit growth and fit comfortably into your narrative?
https://accountable.us/report-top-5-shipping-companies-saw-profits-spike-by-over-40b-after-raising-their-rates-in-2021/ https://accountable.us/report-top-5-shipping-companies-saw-p...
"Fits your narrative" is a relatively aggressive position to take against such a comment.
- listenallyall 3y agoSeems the gains were short-lived, according to the linked report ("shipping profiteers", yea no narrative there), the market caps from the report (sourced April 1, 2022) vs today, from the same web site. Just 13 months later, most down by about 50%: Hapag - 63.7 - 34.9 Maersk - 54.6 - 28.9 Cosco - 40.3 - 25.2 Evergreen - 25.5 - 11.9 Orient - 18.5 - 9.3 https://companiesmarketcap.com/container-shipping/largest-companies-by-market-cap/ https://companiesmarketcap.com/container-shipping/largest-co...
- bandyaboot 3y agoYes, it’s almost like “Container shipping has cratered as ship owners try to avoid unprofitable trips”.