Just halfway through the Q2 reporting period, some $650m of red ink has been reported by ocean carriers to add to their $1.2bn deficit for the first three months of the year.
To date, niche operator Wan Hai is the only container line to post a net profit for Q2, some $9m, as other carriers face up to the negative revenue consequences of their market share grab and inability to compensate for fuel price hikes.
But, …
The post 2018 may be a write-off as shocking H1 numbers all but sink the liner industry appeared first on The Loadstar.
Source: The Loadstar
Be the first to comment on "2018 may be a write-off as shocking H1 numbers all but sink the liner industry"