SeaIntel expects improved results in 3rd quarter

Solid interim reports from the major players combined with improving rates bode well for the bottom line of the current quarter, concludes SeaIntel in its most recent analysis.

The bottom line should improve at the major container carriers in the third quarter compared to the second quarter, says analysts SeaIntel, which has studied the financial reports of those major carriers which have published their financial reports for the second quarter.

Of the numbers published so far, A.P. Moeller-Maersk's container activities achieved the biggest profits by far, though Hapag-Lloyd and Hyundai Merchant Marine also finished the quarter with operating profits. However, the other carriers SeaIntel have looked at achieved negative results in the period.

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

Bimco sets up Brussels office

The shipping organization faces the consequence of the EU having in a short time span manifested itself as the trendsetting international legislator within climate, and establishes an office in Brussels, ShippingWatch learns.

Further reading

Related articles

Latest news

See all jobs