Analysis: Container shipowners' profits far from sufficient
15 large container carriers have only marginally improved their financial results in a market that in 2014 experienced revenues at levels 16 percent below the levels prior to the financial crisis, notes consultant agency AlixPartners in a new analysis.
BY OLE ANDERSEN
Although the big deep-sea container carriers in 2014 have seen modest signs of recovery following the financial crisis, there is still a long way to go when it comes to growth rates such as those seen six or seven years ago. Revenue in 2014 for 15 of the largest carriers fell three percent after dropping 5 percent in the previous year, and revenue is currently more then 16 percent below the levels of 2008, which is the equivalent of more than USD 200 billion.
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