News / Cheaper fuel rescues box carriers' Q3 margins, but IMO 2020 looms

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Cheaper fuel prices saw ocean carriers improve their average operating margin to 3.6% in the third quarter.

This compares with just 0.6% in Q3 last year and is despite a 1.8% decline in freight rates.

According to Alphaliner, the Q3 market leader was Hapag-Lloyd, with an operating margin of 7.8%, ...

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    Alphaliner CMA CGM Hapag-Lloyd Heavy fuel oil HMM IMO 2020 Low-sulphur fuel oil Maersk