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.
BY OLE ANDERSEN
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.
Already a subscriber?Log in here
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.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Alphaliner: Significantly more idle ships in coming weeks
For subscribers
Low oil price sends tankers south of Africa
For subscribers
Aker Solutions fires 500 employees from subsea division
For subscribers
.jpg&w=384&q=75)
