Red Sea crisis forces Maersk to increase capacity over strategy limit
Maersk Line appears to have temporarily abandoned its strategy of maintaining capacity at no more ...
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By Mike Wackett
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 profitability in the first quarter, which followed a return to the black last year with around $7bn of net profit.
This year, according to the cumulative losses of carriers that publish their results, the first-quarter deficit hit ...
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