MCI: Premise for Chilean factory stands firm

The slowdown in the container industry continued to hold Maersk Container Industry in its clutches in 2014, where the increased costs for a new factory in Chile also hit hard. But the premise has not changed, CCO Søren Leth Johannsen tells ShippingWatch.

The Maersk Group continues to lose money on Maersk Container Industry (MCI), and 2014 brought a deficit of USD 25.5 million. The slowdown in the container market is still making customers hold off on investments in new equipment and this hurts the company's sales, writes CCO Søren Leth Johannsen in comments on the financial report to ShippingWatch.

Meanwhile, the new Chilean reefer factory, which has been a long time coming, was also a significant item in the report. Last year MCI chose to postpone the start-up of the actual production and invest further in the factory.

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

Banks keep tabs on offshore wind – at a safe distance

In the next ten years, more than 100 new vessels for installation and maintenance of offshore wind are needed, and the offshore wind market is growing strongly. But shipping banks continue as bystanders for the time being.

Further reading

Related articles

Latest news

See all jobs