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Lessons learned, or maybe not yet

Thursday, June 28, 2012

On Deck with Bob Sappio We have recently witnessed one of the most rapidly changing earnings cycles in the history of the container shipping industry, and it’s not over yet. Carriers in the container trade piled up record losses in 2009 of over $20 billion. That was followed by a very profitable turnaround in 2010 with earnings rebounding near $20 billion. However, 2011 saw losses return yet again topping $6 billion, maybe more by some estimates. &nb...

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