Light In The Tunnel For Container-Lines’ Earnings, If You Squint — Panjiva
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Light In The Tunnel For Container-Lines’ Earnings, If You Squint

Corp - Shipping 608 Earnings 365 Energy - Bunker Fuel 63 Energy - Crude Oil 194 Global 722 Mode - Containerized 1005 Mode - Seaborne 1273 Theme - Rates 141

The container-liners’ profitability snapped a five quarter run of improvements in 1Q 2018 with a downturn driven by falling rates and rising fuel costs. The first assist comes from improving China-outbound rates, most recently shown by Maersk and Hapag-Lloyd raising Trans-pacific rates, which are now 11% above their May 4 trough. Bunker fuel rates meanwhile have declined 3% from the peak of a fortnight ago due to a 6% slide in oil prices ahead. This week’s OPEC meeting and potential U.S. strategic reserve drawdowns may set the course for further reductions. The improvement is only minor ...

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