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.

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
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

Maersk rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.

Further reading

Related articles

Latest news

See all jobs