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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.

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