ShippingWatch

Maersk Line increases distance to competitors

A majority of the 20 biggest container carriers are headed toward negative results for 2013, says Alphaliner, and the carriers have been systematically losing to the biggest players for five years. Yet they continue to build.

Continued low rates are about to send a majority of the 20 biggest container carriers into the red when the time comes to settle the books for 2013 as a whole, while the largest operators, such as Maersk Line and French CMA CGM, the world's biggest and 3rd biggest carriers, respectively, are increasingly benefiting from their economies of scale and systematically leaving the competition behind in their wake.

Swiss MSC, the 2nd largest container carrier in the world, does not publish its financial results.

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