CSCL marriage remains a “remote option”

06/05/2015

With container freight rates still heading south and costs pared to the bone, it is no surprise that ocean carrier merger rumours are back in the news and consolidation options back on the agenda for frustrated shareholders.

Indeed, the profitable first-quarter carrier results that have been posted so far should perhaps contain an outlook health warning: the fundamentals in Q2 are significantly worse now than in the first three months.

For example, spot rates between Asia and North Europe are around 70% ...