Subscribe to RSS feedLines run up US$12bn debt in nine months
by
Janet Porter, London
—
last modified
Jan 11, 2010 12:40 PM
THE WORLD’S top container lines ran up collective losses estimated at almost US$12bn in the first nine months last year, overturning healthy profits in the same period of 2008.
That is Alphaliner’s estimate after combining the results of 16 lines that have published their third-quarter results. These show cumulative operating losses of US$9bn for the January-September period, compared with an operating profit of US$5.3bn in the corresponding period of...
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