Container carriers under massive debt pressure

The rate collapse on container routes between the Far East and Norther Europe in recent months, which is presumably causing all carriers to lose money, draws a bleak picture of an entire industry that has amassed a massive, total debt during the last five years. In an analysis of the industry's financial condition, the analysts at Drewry estimate that the container carriers' total debt since the beginning of the financial crisis has more than doubled, to an estimated USD 100 billion today.
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.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Drewry: Capacity floods Asia-South America
For subscribers