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News / Container line profits this year will be wiped out by rising fuel and charter prices

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A leading shipping analyst has drastically cut its 2018 ocean carrier profitability forecast from $5bn to “breakeven at best”.

In a new research note published this morning, Drewry claims “carriers’ lack of control has come back to bite them this year”.

A surge in oil prices destroyed their ...

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    charter rates Drewry emergency bunker surcharge Financial footings Fuel surcharges Maersk MSC