Carriers: financially shackled

摘要

Since last month's financial news analysis, more ocean carriers have reported significant losses during H1 09.rnThe table shows how they compared, particularly in terms of return on sales (RoS) -see bold column.rnThe AP Moller-Maersk Group continuedrnto suffer financially in Q2 09. Losses exceeded those in Q1 09, dragging its net result for the half year down to -USD540 million, compared to a profit of USD2.456 million in the same period of 2008. The poor result was almost entirely due to its container shipping and related activities division, which lost USD961 million, compared to a profit of USD279 million the year before.