Only cheap bunker fuel keeping container shipping lines profitable, says Drewry

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Just how much money would container shipping lines be losing if it weren’t for the relentlessly steep decline in bunker prices?

A lot, according to the latest analysis from Drewry Maritime Research, which investigated the revenues and margins of 16 of the 20 largest carriers that publish their accounts.

Drewry calculates that the group, which represented 65% of global slot capacity, saw revenue of around $60bn in the first half of the year, 5% less than in the first six months of ...