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Container shipping industry in the first half revenue fell 18% or facing restructuring tide

Drewry Shipping Consultants said in a report, the global container shipping industry revenues shrinking faster than the speed of cutting costs. The first half of the container shipping industry revenue declined 18%, increasing the pressure to reduce costs.

The global economic and trade growth is slowing down, weak cargo demand, as well as the impact of excess industry capacity, container shipping companies in the first half suffered up to unprecedented international freight rates.

Drewry said: "The container shipping industry is currently experiencing a severe revenue decline which makes container shipping companies face tremendous pressure to cut costs in this case on the birth of a new round of industry mergers and acquisitions..."

According to Drewry expects container shipping company's total revenue this year will decline compared with last year's $ 29 billion, making this industry since 2008 became the worst year. The agency also expects container shipping company will lose $ 5 billion this year. The past two years, container shipping company's revenue dropped compared with the previous $ 50 billion.

Drewry noted that most of the large container shipping companies are losing money, some of these have been integrated in order to better cope with difficult times. The world's largest container shipping company Maersk Line of Denmark announced that its import and export cargo transport will be September 1 termination port berthing China ten to cut costs.

Drewry expects the acquisition or become a container shipping industry against weak market strategy. "Long-term losses will reach the possibility of container shipping companies merged."

Wall Street knowledge previously mentioned, Maersk 9th of this month issued a number of messages in the media, said: "We want to focus on more profitable port we will be held September 1 to stop accepting 10 Chinese ports. import and export goods. these Chinese ports service stops should not be construed as changing the company's strategy. "

Chizhou Port berthing will be canceled, diverted or with Longgang Anqing port; Sichuan Luzhou Port berthing will be canceled, diverted to the port of Chongqing; Yingkou, Liaoning Province, will be canceled berthing, diverted via Dalian Port; Liaoning Jinzhou Port will be canceled berthing province, diverted via Dalian Port; Rizhao in Shandong Province will be canceled berthing, diverted via Qingdao port, Yueyang Port berthing will be canceled, diverted to the port of Changsha; Guangdong Province, Hong Kong will be LiJiao berthing canceled, diverted to the port of Huangpu; Taiping Port in Guangdong Province will be canceled berthing, diverted to Hong Kong, Sha Tin; Guangdong Province, Kau heart berthing in Hong Kong will be canceled, diverted Whampoa of Hong Kong; Nansha old Port berthing will be canceled, diverted Nansha Port.

Affected factors of low oil prices and low average tariffs and other containers, Maersk quarter earnings $ 224 million, compared with last year fell 86%; the actual profit of $ 214 million, down 83.5% compared with last year. Among them, the Maersk profit from $ 714 million last year substantially reduced to $ 37 million.

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