Maersk and Cosco lose out as the battle for market share goes organic
The competitive landscape is changing for ocean carriers – and Maersk and Cosco find themselves ...
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© Romolo Tavani
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Dreamstime.com
We enjoyed our appetiser concerning asset impairments earlier this month thanks to Israel’s ZIM in container shipping.
That could be a peculiar case given its heavily charter-skewed fleet, yet the signs of surging write-down risk are, among others, only partly concealed, as I pointed out in my recent AP Møller-Mærsk ’lost years’ analysis.
In the background, just as a dismal current fourth quarter jeopardises contract season for the carriers, the Danish box line’s smaller rival from Hamburg, Hapag-Lloyd, has been pretty clear ...
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