Several container carriers drag deficits into 2014

Some of the major container carriers such as APL, Evergreen, and Hapag-Lloyd have not quite escaped from 2013's deficit vortex, and they all thus suffered operating deficits in the 1st quarter 2014, says Alphaliner.

Photo: Hanjin

The first three months of the year did not help several of the major container carriers' struggles to leave the negative results behind, even though some were able to reduce their operating margins, according to a survey performed by Alphaliner.

The analyst has reviewed the 1st quarter interim reports from APL, Evergreen, Hanjin, Hapag-Lloyd, and Yang Ming, all of whom suffered operating deficits in the period. The five carriers all had operating margins ranging from minus 1.8 percent to minus 4.8 percent, and APL, for instance, finished the 1st quarter with a USD 83 million deficit - which is, however, an improvement from the same period last year, where the carrier suffered a USD 92 million deficit.

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