Oversupply Challenges the Shipyard Industry

- 21/11/2016, 17:30
The shipping industry, including in Indonesia, is now running with lower, even negative margin due to oversupply. The oversupply will affect the order to new ship-build. Such a challenge to shipyard industry!
The shipping industry is still facing oversupply. The oversupply that has existed since the global crisis of 2008 is expected to continue. The oversupply has triggered the shipping industry running under poor performance, making more and more shipping companies suffering loss.
Reported that until Q32016, many shipping lines, including the global big boys of Maersk Line, CMA CGM, MSC, got a negative margins. Maersk Line reported a third quarter (Q3) 2016 result that is USD 380 million lower than Q3 2015. Revenue in Q3 was USD 5,359 million, which is 11% lower than Q3 2015 (USD 6,018 million).