ShippingWatch

Container carriers have lost USD 50 billion in revenue

According to Drewry, the major container carriers have lost more than USD 50 billion in revenue over the past two years, and the carriers will likely lose a total of USD 5 billion in 2016.

Photo: Modelfoto/Colourbox

The major container carriers have lost more than USD 50 billion in revenue over the past two years as sales have declined for the carriers faster than they are able to scale down costs.

According to analyst agency Drewry, the drop in revenue puts extreme pressure on the container carriers, which are desperately trying to cut costs anywhere they can, and the negative trend is likewise fueling the most recent round of consolidation in the industry.

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
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 Tankers CEO sees no reason to merge tanker carriers

It has long been discussed, and the chief executive of a competitor points to Maersk Tankers as a driver in the tanker sector's consolidation race. However, Maersk Tankers CEO Christian M. Ingerslev does not see much sense in combining balance sheets, he tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs