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Threat of hard landing hangs over soaring shipping industry

Risk of crash after ‘once in a lifetime’ profit surge

In just three years, the container shipping industry will have made as much money as the entire previous six decades.

Propelled by soaring demand following the pandemic, shipping groups have enjoyed a level of profitability that few in the notoriously volatile sector could have dreamt of.

Container shipping groups from Mediterranean Shipping Company and AP Møller Maersk to CMA CGM and Hapag-Lloyd have experienced a “once in a lifetime” market boom.

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