National kiwi fruit marketer Zespri is forecasting a rise in containerised volumes ex-New Zealand during the forthcoming 2018/19 season.
The company, which is 45% owned by the Taiwanese government, will order 10 11,000 teu vessels and 10 2,800 teu vessels.
Th caveat is that container freight rates have not enjoyed a recovery in the wake of continued strong demand, and further consolidation could be required to end the vicious cycles of excessive investment.
The negative result was attributed to the loss in book value of 10 container ships sold and leased back.
The ships will be built at Imabari Shipbuilding for delivery from the third quarter of 2020 through to the last quarter of 2021.
The liner shipping unit of Maersk Group reported a 2017 profit of USD541 million, turning around a loss of USD376 million that was posted the previous year but falling USD95 million short of its profit forecast.
The loss came despite a rise in volumes handled at facilities owned and operated by the world’s fourth-largest container terminal operator to 39.7 million teu on an equity-weighted basis.
The group’s volumes from Central America to north Europe had been split until January.
Even a costly cyber attack was not enough to drag Maersk Line into a loss or dampen Skou’s confidence that his carrier would achieve the bold 2017 profit target set earlier in the year.
HMM consortion to launch Asia–South America service in April.