Container shipowners under severe pressure in 2016

The market value of container vessel owners such as Seaspan and Rickmers have been virtually slashed in half over the course of 2015. It does not help the situation that many ships will be returned from carriers during 2016, Alphaliner writes.

BY JOHANNES HARTKOPF-MIKKELSEN

Published: 13.01.16 at 11:58

2015 was a tough year for companies such as Seaspan and Rickmers, which make a living leasing container vessels to the carriers. Combined, the seven listed container ship lessors lost 48 percent of their market value last year, as profits took a hit from the drastic rate declines, and there was a dive in the value of vessels in resales, writes the news agency Alphaliner.

The hardest hit company was Box Ships, headed by Michael Bodouroglou, which noted a decline in company shares of 81 percent over the past 12 months.

Already a subscriber? Log in.

Read the whole article

Get 14 days free access.

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

Start a free company trial today

Container reliability hit new low at the end of 2021

Foto: Christina Sabrowsky/AP/Ritzau Scanpix

Schedule reliability in the container industry set a new negative record in December 2021 with one route in particular hit hard with an on-time arrival rate of only 10 percent, show figures from Sea-Intelligence. Problems in supply chains are still ”a huge burden,” says Hapag-Lloyd.