Bad quarter fades in financial reports for 1st half of 2013

The record-low rates that hit the container carriers this spring seem to have left little mark on the recently published financial reports for the first half of the year. Now analysts are waiting for Maersk Line.

The financial reports published so far by several container carriers, and especially concerning the eagerly awaited 2nd quarter, doesn't seem to draw the horrible scenario otherwise indicated by the record-low rates in the period.

In the last few days, Japanese shipowners and carriers as well as Singaporean Neptune Orient Lines (NOL), Orient Overseas Container Line (OOCL) in Hong Kong, Chilean CSAV and German Hapag-Lloyd have published financial reports for the first half of 2013.

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

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs