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Container lines use lucrative 2020 to pay down debt and not on new ships and acquisitions

The major European container lines spend the profits from the lucrative year 2020 on improving their debt and capital structures rather than on ordering new ships and making acquisitions, writes Alphaliner.

Photo: Thibault Camus/AP/Ritzau Scanpix

2020 was a lucrative year for the container lines, but rather than spending the extra income on new ships or acquisitions, the major European shipping lines are prioritizing improvements to debt stakes and capital structures, notes Alphaliner in a new analysis.

"The big European lines have undertaken several measures to improve their financial structures, prioritizing this over expansion and new tonnage," writes the firm.

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