McKinsey: Shareholders lose big money on container carriers
It is a very poor investment to place money in container carriers such as Maersk Line or Hapag-Lloyd, according to a new report from McKinsey. Bad decisions made by the carriers over the past 20 years have burned billions of dollars, says the firm.
The container carriers' constant race to grow their fleet and possess the biggest vessels ultimately cost the owners – the shareholders – billions of dollars, as the sector is suffering from more or loss chronic overcapacity.
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