Alphaliner: Container carriers headed for large impairments

Many container carriers have been hesitant to impair their fleet values to realistic levels. However, the crisis at, for instance, Hyundai Merchant Marine along with asset impairments at Japanese carriers have placed the carriers' balances in the spotlight.

Photo: Hyundai Merchant Marine

Several of the top container carriers hesitate to perform significant impairments of their fleet values in spite of the fact that the severe crisis in the sector, with overcapacity, weak market conditions and low scrapping prices, continues to force down book asset values on container ships as well as equipment to all-time low levels. As such, significant impairments look to be unavoidable, notes Alphaliner.

However, some container carriers have acknowledged this development and made impairments totaling hundreds of millions of dollars.

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