ShippingWatch

Maersk's container factory suffered big deficit in 2013

Container producer Maersk Container Industry suffered a deficit of USD 11.1 million in 2013, but the company expects improvements in the coming years even though a new factory in Chile will have a negative impact on the result, CCO tells ShippingWatch.

2013 was not a dream year for reefer container and refrigeration equipment manufacturer Maersk Container Industry (MCI) as the company noted a decline from last year's profit of USD 35.5 million to a USD 11.1 million deficit, according to the company's annual report.

Revenue was also not able to keep up with 2012 levels, dropping USD 177 million, from USD 814.5 million to USD 637.4 million. However, the company stresses that the 2013 result was not unexpected, MCI’s Chief Commercial Officer, Søren Leth Johannsen tells ShippingWatch. The company's biggest customer, Maersk Line, decided to stop ordering new containers in January 2013, thus following the same trend embraced by many other players in the market. But MCI had time to adjust to this new situation, as the company received notice from Maersk Line about the shutdown of orders already back in the summer 2012.

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