London - Liner shipping is firmly on track for its most profitable year outside the covid era. The container shipping industry had total net income of $26.8bn in the third quarter, a sharp 164% increase sequentially from the $10.2bn earnings reported in Q2, according to data compiled by John McCown-led Blue Alpha Capital.

Compared to last year’s third quarter, net income in this quarter represented an increase of $24bn or 856% from the $2.8bn profit in the year ago quarter.

Putting the third quarter in perspective, the $26.8bn . . .