Drewry: Carriers lost 700 mio. USD in 5 years

2012 did provide a surplus for the major container carriers, but it was a surplus of just 280 million USD for all of them. According to Drewry, the accumulated deficit is at 700 million USD between 2008 and 2012.

The container carriers’ economic results in the last five years do not make for cheerful reading if you put all the years together. According to the British analyst firm Drewry, the major shipping lines have accumulated a deficit of 700 million USD in the period of 2008 to 2012.

The companies have seen years with surpluses such as last year, during which the accumulated surplus was 280 million USD. But as Drewry notes, it is a very poor result when considering the total business volume which consisted of transporting no less than 170 million containers from A to B. If you look at 2011 alone, the total deficit for the industry was 7.7 billion USD.

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