Thursday, June 12, 2014

KOREA CONTAINER LINES

From Supply Chain Asia--
Korean box carriers exposed to expected overcapacity next year         
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Korean box carriers exposed to expected overcapacity next year
Excess vessel capacity in container markets will continue to drag down the performance of South Korea’s two shipping giants, according to the latest analysis from Drewry Shipping Consultants.
Both Hanjin Shipping and Hyundai Merchant Marine posted losses in the first quarter, with their respective container divisions major contributor
Drewry said both carriers were struggling with excess market capacity and would find it difficult to pull their respective bottom lines out of the red.