OceanX: LatAm boom & gossip; MSC's rising logistics star; Trump-led blank sailings
Strictly on the QT!
As banks exit the depressed shipping market, there is increased pressure on container lines to consolidate. The biggest carriers are able to get better economies of scale and this is having a direct effect on profitability – in the last quarter, Maersk earned, before interest and tax, just under $130 per box it carried; most other carriers achieved just half of that. But if M&A activity fails to pick up and banks continue to reduce access to debt, carriers may ...
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