Drewry warns of “grim scenario” for debt-ridden carriers
Maritime analyst Drewry has warned that the container industry has taken on too much debt at a low point in the cycle.
In a report released after the world’s 14th biggest shipping line, Hanjin, went into receivership, the analyst warned that industry debt levels have started to shoot up again.
“In our sample of 12 container lines, limited few inspire confidence with respect to financial and balance sheet strength,” Drewry said.
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Container Management (cm) has been published for more than 30 years serving the port, terminal, intermodal and container handling equipment industries worldwide.
