European liners have better operating margins than Asian rivals

European liners appear far more adept at their business than their Asian peers, according to analysis from Alphaliner.

Average operating margins of the main carriers that have published their financial results turned positive in the third quarter of 2018 to 0.5%, but remain well below the 5.3% level recorded in the same quarter last year.

Results varied across the main shipping lines, with the three European carriers Hapag-Lloyd, CMA CGM and Maersk, leading the pack.

Asia-based carriers lagged behind with three of them, Yang Ming, ONE and HMM, posting negative results for the quarter.

“Competition remained keen, as carriers continued to chase market share,” Alphaliner noted in its most recent weekly report.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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