Alphaliner: Brutal price war behind record-low earnings
Not since 2012 have the container carriers' earnings been as low as in the second quarter 2016, and any noteworthy improvements in the second half of the year seem out of the question despite rate hikes following the collapse of Hanjin Shipping.
BY OLE ANDERSEN
The low freight rates have pushed container carriers' earnings down to the lowest level in four years. As such, one has to go all the way back to 2012 to find a period in which the major carriers' profits were as low as was the case in the second quarter 2016, writes Alphaliner in its latest newsletter.
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