The litany of liner losses will continue in the early part of this year.
Last year proved to be another disastrous one for the world’s containership operators.
Total operating losses of 22 carriers reached $5.6bn in 2011, as compared with earnings of $12.1bn in the previous year, according to Alphaliner.
Drewry’s latest quarterly report suggests that may be underplaying things and estimates the industry lost at least $6.5bn