Container shipowners making money in miserable market

Profit margins among 14 of the 20 largest container companies came out positive in the first half of 2015, especially for Maersk Line and CMA CGM. There is primarily one explanation. 

Earnings for the large oceangoing container shipping companies declined steadily over the first six months of 2015. Yet despite the record low level of spot rates and a weak demand for routes between Asia and Northern Europe, earnings show an improvement when compared with the same period last year.

14 of the 20 major shipping container companies show progress in their average profit margins, in spite of extremely weak market conditions. This is mainly due to the current low oil price. 

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