Global Shipping’s Coronavirus Bounce Sees $23 Billion Increase In Market Value

Global Shipping’s Coronavirus Bounce Sees $23 Billion Increase In Market Value

French shipping giant, CMA-CGM, has the biggest container ships in the world, such as the "Antoine ... [+] de Saint Exupery," in the harbour of Le Havre, North West France.



AFP via Getty Images

It seems that global shipping is rebounding well from the coronavirus shock.

Since the depth of the global pandemic lockdowns in mid-March, the world's biggest shipping companies have added over $23 billion to their market value.

Shareholders who would have invested in global shipping at that moment would have seen an 85% increase in the value of their shares.

The biggest global shipping companies have earned over $140 billion in revenue over the past twelve months alone.

Global shipping, the 6th largest carbon emitter, saw $23 billion of value creation