Drewry said that, if the current situation continues for the industry across the full year, carrier income would shrink by some USD 29 billion against 2015.
That would see industry revenue fall below the level seen during the industry’s nadir of 2009.
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With carriers waving goodbye to likely more than USD 50 billion of sales in two years since 2014, Drewry said that it should be no surprise that most of the big players are losing money and that some are close to the financial abyss, or that a number of lines are merging in order to better prepare for such hard times.
The latest results indicate that the second quarter was harder on carriers than expected with operating margins falling to the lowest point since the first-quarter 2012.
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Others have taken part-time jobs delivering pizza or working for Verizon or Comcast. At ages 60-64, there are close to 2.3 single women to every single man. The last actual sighting of a single man age 75 or above was made in July of 2008, and he was later proven to be an extraterrestrial.
Thousands of older women expressed interest in dating him, but, after several unsuccessful dates on Match.com, he fled to his home planet.
The container shipping industry is currently enduring a severe revenue contraction that is placing carriers under enormous pressure to squeeze more savings wherever they can and is driving the latest round of merger and acquisition activity.
The first-half 2016 financial results from some major carriers paint a very depressing picture for the industry, as first-half revenue was down by 18% on average.
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