On Deck with Bob Sappio
We have recently witnessed one of the most rapidly changing earnings cycles in the history of the container shipping industry, and it’s not over yet.
Carriers in the container trade piled up record losses in 2009 of over $20 billion. That was followed by a very profitable turnaround in 2010 with earnings rebounding near $20 billion. However, 2011 saw losses return yet again topping $6 billion…
Lessons learned, or maybe not yet
