The shipping lines have carried over from 2021, recording very strong operating profit in 2022-Q1. The combined operating profit of the global carriers (those that provide financial information) was USD 43.9bn in 2022-Q1. Putting it into perspective, this Earnings Before Interest and Tax (EBIT) is not only higher than the combined Q1 EBIT of the last 12 years, but it is also higher than the 2021-Q3 EBIT, which in itself was a bumper peak season. (....)