Germany's Hapag-Lloyd has reported the most profitable quarter in its history.
Profits soared tenfold to €2.83bn ($3.23bn) in the third quarter of the year, compared with €252m in the same period last year.
The increase was due to freight rates rising to twice their previous highs as well as due to higher volumes shipped, the company said.
Average freight rates rose to $2,234 per teu between July to September, up from $1,084 per teu in the same quarter last year.
