Disconnect: time-charters and the freight market
Time to jump off?
By Mike Wackett
With the second quarter now two-thirds done ocean carriers look to be heading for a second successive H1 loss, making a good peak season more essential than ever for the sustainability of the liner industry.
Last week CMA CGM completed the set of container lines that publish their financial results recording a less than inspiring $22m net loss from its container business in Q1 to add more gloom to what turned out to be a generally disappointing first quarter for the ...
Comment on this article
Gary Ferrulli
June 03, 2019 at 2:39 pmMany said the same of US Lines 4400 teu ships back in the 1980’s. And same
reports as vessels got bigger and bigger, all were criticized as being too this
or too that, infrastructures not capable etc. Yet here we are.
Hindsight may be 20/20, or it could have a blind spot.