The 10 leading publicly listed container shipping lines are on track to earn a record $115 billion to $120 billion in profit in 2021, a windfall that could transform the structure of the industry as those earnings are reinvested, shipping intelligence provider Alphaliner said Dec. 1.”The 10 lines have already generated nearly $80 billion in EBIT in the first nine months of the year, while the recent emergence of the omicron variant could ultimately push these forecasts even higher,” Alphaliner said. Taiwanese shipping companies posted the largest profits due to their heavy exposure to the lucrative trans-Pacific trade lanes. Evergreen Marine, which operates 34% of its fleet in the trans-Pacific market, reported an EBIT of 67% of its revenue in the third quarter of 2021, followed by Yang Ming at 66% and Wan Hai at 61.5%, […]