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PUBLISHER: Freight News (www.freightnews.co.za)

While shipping lines saw a sharp decline in revenues last year, a closer analysis is necessary to place the results in context, according to maritime consultancy Sea-Intelligence.

“The decline in revenues ranged between -46.6% and -62.6%. However, the annualised revenue growth rate in 2023-FY is in line with 2018-2019, which suggests that the sharp year-on-year revenue decline in 2023-FY is an artefact of the abnormal revenue growth of 2021-2022, rather than a fundamental revenue loss in 2023,” says CEO Alan Murphy.

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