ShippingWatch

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.

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