According to Drewry analysis, which includes a forecast for 2023, in just three years, the container shipping industry will have made as much money as the entire previous six decades.
Nevertheless, container shipping’s credit rating remains poor despite the record earnings, something of potential alarm as the box market now shows multiple signs of weakening.
Maersk remains the only investment-grade credit in the container shipping space
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Reference: Sam Chambers, "Maersk remains the only investment-grade credit in the container shipping space", Splash 247, Sep 28, 2022