Several major carriers have recently reported losses. Among them:
- Hapag-Lloyd Posts $172 Million First Quarter Loss
German ocean carrier Hapag-Lloyd’s first quarter net loss widened to
132.4 million euros ($172 million) from 22.1 million euros ($28.7
million) a year ago as lower freight rates and higher fuel costs
outweighed double-digit growth in container traffic. (More at JOC here) - NOL Posts $254 Million First Quarter Loss
Singapore-based NOL Group reported a $254 million first quarter loss
despite cost-cutting and rate increases in March, and said high fuel
costs and excess capacity will continue to challenge container
shipping lines. (More at JOC) - “K” Line Posts $503 Million Loss for Fiscal 2011
Like its sister Japanese carriers, MOL and NYK Line, “K” Line had
predicted a loss for the full fiscal year when it reported a $173
million operating loss for the last calendar quarter of 2011. (More at JOC)