SILKRAILS.WORDPRESS.COM (GCTL8.com – FOCUSASIA MEDIA Ltd)

CMA CGM-02-Edited
CMA CGM

LONDON, Jun 1 (FAM) – The majority of container shipping lines lost money in the first three months of 2017, but higher rates and fast-growing demand will soon show on the bottom line, according to analyst Drewry – which believes that higher annual contract rates will create even more profitable conditions for the remainder of the year than it had expected.

Drewry’s last Container Forecaster report predicts that the industry would make operating profit of about $1.5 billion in 2017, to reverse heavy losses incurred in 2016. But the various income statements for the first quarter of the year among the sample of 13 carriers that have thus far published comprehensive financial reports for 1Q17 offered up some very mixed results, the analyst noted.

 

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