ShippingWatch

Jefferies points to stronger container rates in 2017

Analysts Jefferies is optimistic about the developments in contract rates for the container market in 2017. "Full year 2017 contracts will be 25 percent higher," notes the firm.

Photo: Maersk Line

The world's biggest container carrier, Maersk Line, disappointed analysts with a larger deficit that expected for the third quarter.

Maersk Line lost USD 116 million in the quarter against a positive result of USD 264 million in the same period last year, and the carrier now projects a full-year deficit for 2016.

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

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Further reading

Related articles

Latest news

See all jobs