
2015 looks like a bleak year for the major container carriers operating on the industry's key trades. Analyst agency Drewry projects in its Container Forecaster newsletter that the carriers will struggle just to break even this this year. An increasingly stable oil price will make it more difficult for container players on the main trades to cut costs in line with the sliding rates.
Container carriers benefited from the falling oil price in the first quarter of the year, where the industry achieved an operating margin of eight percent, but the significant savings were quickly passed on to customers through significantly lower rates in a development that has forced the carriers into a veritable price war on the biggest trades.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app