News / Seaspan forsees a 'healthier' new year for carriers – and may buy bigger boxships

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If market fundamentals continue to dampen oil prices, mid-sized ocean carriers such as MOL, OOCL and CSCL could improve their bottom line by $250-$300m next year, according to one industry veteran.

Containership owner Seaspan’s chief executive, Gerry Wang, said he expected 2015 to be “healthier” as a consequence of the significant fall in bunker costs, which account for 30%-45% of ocean carriers’ operating costs.

Speaking during his company’s third-quarter results presentation yesterday, Mr Wang also claimed that some slow-steaming would be “put ...