A new report estimates that over the past 21 years the container industry has “destroyed” about $110bn of shareholder value.
Its author, McKinsey & Co, said this had mainly been due to continuous overcapacity in the sector.
The management consultant said bulk shipping was the only transport sector with a worse performance than liner shipping’s average of less than 2% return on invested capital.
The profitability league table is headed by the cruise line industry, …
The post Liner shipping M&A has ‘destroyed $110bn of shareholder value’ in 21 years, says report appeared first on The Loadstar.
Source: The Loadstar