ShippingWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Norden reshuffles management and dials up growth ambitions

Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs