Box lines – billions ready to burn in market share fights

It’s Covid time all over again for container shipping, folks?
You bet.
Financially, at least.
Let’s count the billions then, fully aware of hefty margins for an asset-heavy-historically-highly-cyclical segment of the trade, typically characterised by razor-thin profitability that is no more.
All that, steers the conversation to a lack of financial leverage, leading to overcapitalise…

CONTINUE READING THE ARTICLE FROM The Loadstar HERE