News / European container carriers look for silver linings in the ashes of 2012

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In a further sign that the container shipping industry is returning to a position of financial health, two of Europe’s largest carriers, CMA CGM and Hapag-Lloyd, yesterday released full year results for 2012 which showed that they had managed to chart a course through a decidedly topsy-turvy 2012 relatively unscathed.

Both reported increased revenues and volumes and although profitability continued be under pressure, although by markedly varying degrees, both made audible sounds of optimism in their prognosis for the forthcoming year ...