The steep rise in ocean freight rates and congestion in various ports of the world have thrown up winners and losers. The obvious winners are the container lines that have reported the best actual quarterly performance by the container shipping industry in its history for the second quarter of this year (2Q21).

       The 11 container lines that represent 64.5% of the TEU capacity made profits of $18.44 billion. Assuming that other lines that do not publicly report had similar per TEU results, the total profit for the sector in 2Q21 was $28.6 billion, says the McCown Container Results ...