Container

Opinion: Major container lines have driven the price war – but one stands out

The financial reports from the major container lines give an indication of who have been the most aggressive in terms of pricing, writes Lars Jensen.
One element that sets this cyclical downturn apart from previous ones is the high cash holdings of shipping companies, which, according to Lars Jensen, they can either use to crowd out competitors or preserve to invest in decarbonization. | Photo: Magnus Møller
One element that sets this cyclical downturn apart from previous ones is the high cash holdings of shipping companies, which, according to Lars Jensen, they can either use to crowd out competitors or preserve to invest in decarbonization. | Photo: Magnus Møller
BY LARS JENSEN, ANALYST AND FOUNDER OF VESPUCCI MARITIME

Most of the major container carriers have published their results for Q3, 2023 – some with more details than others.

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