ShippingWatch

A part of Watch Media

Alphaliner: 2012 results create new rate uncertainty

Some shipping companies have had a good financial year in 2012 while others will present losses. And the mixed results might lead to increased rate instability as carriers pursue different strategies to a higher degree than last year, Alphaliner assesses.

Photo: Stena Bulk
BY KATRINE GRØNVALD RAUN

Last week, Maersk Line was able to report a profit of USD 461 million whereas the Singapore-based APL presented a loss. According to Alphaliner, 2012 will have been a year of mixed performances among container carriers. And this might affect the rates in the year to come, Alphaliner states in its newsletter this week.

In the fourth quarter of 2011 the situation was different and most carriers reported negative operating results and therefore they had a common agenda. However, that is not the trend this year as CMA CGM and OOCL are expected to present positive results whereas a lot of the other top-20 carriers are expected to announce losses.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Related articles

Latest news

  1. Subsea 7 lands big contract in the Gulf of Mexico
  2. Container business counterbalanced poor tanker market for Stolt-Nielsen
  3. Intelligence service warns shipping against cyber attacks due to the Ukraine crisis
  4. Borr Drilling has debt agreement approved
  5. Analyst expects record-high dividend from Maersk
  6. Suez Canal to be expanded following Ever Given accident
  7. Maersk to soon finish its report on sexual assault claims
  8. Former Aker boss reviews new wind endeavor: Had hoped we'd come further
  9. 2020 Bulkers ends golden year with strong Q4
  10. Stolt-Nielsen CEO to step down
  11. Euronav gains millions from finished leaseback agreement
  12. Shipping fights for billions of dollars from yet another fund
  13. Charter rates for available container ships soar to new heights
  14. PIL close to ordering four 14,000-teu container ships
  15. Acquisition of Brazilian carrier cements MSC's position as world's largest player
  16. 11 workers hit by accidents at Asian beaching yards in Q4
  17. First dry bulk shipping company issues ban against coal transportation
  18. Maersk Broker hires new CFO
  19. Emissions from global shipping continued to grow in 2021
  20. Container lines stand to have earned USD 190bn in 2021

See all

Jobs

See all jobs

See all jobs