Container shipping lines are set for another bumper year of earnings as supply chain snarls show little sign of subsiding, to the misery of just about everyone else.
Operationally the shipping crisis has been a disaster for the box carriers that underpin global trade: schedule reliability hit a record low of 32 per cent in December, with vessels arriving over a week later than planned on average, according to Sea-Intelligence, a consultancy.
That has caused pain for importers and exporters paying more than ever to wait longer for finished goods and parts, but the congestion has done wonders for the container shipping industry’s profitability and balance sheets.
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