Damas Jati - , 22/09/2017, 13:56

Ten global container carriers enjoyed a profit during second quarter (Q2) 2017, according to SeaIntel analyst.

Among the ten, Maersk Line was recorded the highest, reaching $376 million, more than three times the segment profit of second-best performing COSCO at $122 million. Maersk Line showed the greatest net improvement, turning a $123 million loss into a $376 million EBIT profit. The remaining eight carriers all had 2017-Q2 operating profits of less than $100 million, according to SeaIntel.

However, in view of revenue growth, COSCO showed the strongest, with a 47.3% year-on-year revenue increase. Evergreen and HMM followed COSCO, reporting the second and third-largest year-on-year revenue increases, of 30.3% and 30.1%, respectively.

Maersk Line, Hapag-Lloyd, OOCL, Yang Ming, and ZIM all saw their revenues grow 20-25% year-on-year in the second quarter, while Wan Hai and the three Japanese carriers, all saw much lower revenue growth of around 10% year-on-year.

Of the 12 global leading container players, only two – HMM and MOL – recorded losses during the quarter. HMM posted a loss of $81.8 million USD for 2017-Q2, while MOL reported a loss of $55.1 million in the period.