• ITVI.USA
    15,462.460
    -34.260
    -0.2%
  • OTLT.USA
    2.752
    0.009
    0.3%
  • OTRI.USA
    20.670
    -0.440
    -2.1%
  • OTVI.USA
    15,437.200
    -29.190
    -0.2%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,462.460
    -34.260
    -0.2%
  • OTLT.USA
    2.752
    0.009
    0.3%
  • OTRI.USA
    20.670
    -0.440
    -2.1%
  • OTVI.USA
    15,437.200
    -29.190
    -0.2%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

REPORT: CONTAINER LINES TO TRIPLE PROFITS THIS YEAR

REPORT: CONTAINER LINES TO TRIPLE PROFITS THIS YEAR

   Container shipping lines will triple their net profits on transpacific, Asia/Europe and transatlantic services to $1.9 billion this year, according to a report by Drewry Shipping Consultants.

   The net result compares to estimated industry profits of $570 million on the three main east/west trades in 1999.

   “The liner shipping industry will fare much better in 2000 than it did in many of the previous years,” the London-based consultancy firm said.

   Drewry predicts that collective carrier profits in the transpacific trade will amount to $1.4 billion this year, on revenues of $18.5 billion, as compared to profits of about $743 million on revenues of $15.5 billion in 1999.

   In the Asia/Europe trade, the consultant forecast net results of $521 million on revenues of $7.8 billion this year, compared to net profits of $27 million and revenues of $6.7 billion last year.

   On the transatlantic route, carriers are expected to post a small collective net deficit of $40 million this year, on revenues of $4 billion, as compared to a loss of $200 million on revenues of $3.7 billion last year.

   Carriers’ combined revenues on the three main east/west routes are forecast to increase by 17 percent this year, to $30.2 billion, from $25.8 billion in 1999.

   Drewry Shipping said that, for carriers, many of the north-south trades are also showing an improvement this year.

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