ShippingWatch

New rules cause container carriers' debt to soar

A new accounting standard has effected a significant rise in shipping companies' debt obligations, writes analyst firm Alphaliner. One carrier has increased its debt by over 100 percent following the new standard.

Photo: Bloomberg

A revised accounting standard has made debt increase significantly and become more outwardly visible at the world's nine largest container lines, reveals an evaluation by analyst firm Alphaliner.

The so-called IFRS 16 accounting standard, which entered force at the turn of the year, has had a large impact on shipping companies' debt in connection with the publishing of financial reports for the first quarter.

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