Subscribe to RSS feedBox lines face huge loss
THE WORLD’S container lines could be heading for collective losses of US$10bn this year, according to Mitsui OSK Lines president Akimitsu Ashida.
First quarter results from the world’s biggest carriers showed they made total losses of around US$2.6bn, he said. If you are already a subscriber, please sign in below. If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here. Alternatively, click here to subscribe.
This was likely to top US$3bn if the financial performance of smaller carriers was taken into account, Mr Ashida said. 
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