SeaIntel: Sharks lurking beneath surface of container industry
Most container carriers delivered positive results in the first months of 2015 in spite of record-low rates. But the improved earnings alone is the result of costs being reduced faster than profits, reports SeaIntel.
BY OLE ANDERSEN
To outsiders it might seem like a paradox that a majority of the 20 biggest container carriers, led by especially Maersk Line and French CMA CGM, have been able to deliver positive numbers for the first three months of the year at a time when the same carriers are forced to sail at the lowest spot rates ever recorded.
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