ShippingWatch

Low fuel price saves container carriers in 2013

The big carriers are following solid strategies, saving money in the right places, but container shipping is no longer guaranteed to be a good business, says Drewry.

Photo: Hanjin

According to the latest analysis from Drewry, the container industry has saved USD 5.5 billion this year by using cheaper fuel, so in spite of declining container rates during the 33 of the year's first 39 weeks, it looks like the major container carriers will be able to keep their heads above water in the fiscal year 2013.

In addition to lower prices on the otherwise expensive fuel, network optimizations, slow steaming, and more fuel efficient systems have ensured that Maersk Line and others were recently able to publish solid half-year interim reports, says Drewry.

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