Container carriers losing billions in market value

Maersk Line's October downgrade played a big part in spurring investors to sell shares across the board in the container sector, which eliminated value totaling USD 17 billion last year for the major listed carriers, according to Drewry. Only two carriers receive positive recommendations.
Photo: POLFOTO/AP/Eugene Hoshiko
Photo: POLFOTO/AP/Eugene Hoshiko
BY OLE ANDERSEN

Investors in the largest listed container carriers noted negative returns of 22 percent in 2015, and their large-scale unloading of container shares erased a total of USD 17 billion in the carriers' combined market value. UK-based analyst agency Drewry draws this conclusion in a review of the listed container carriers covered by the agency, in which just two carriers, German Hapag-Lloyd and Hong Kong-based Orient Overseas (OOIL), receive positive recommendations.

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