Rising oil prices and lower spot market rates dampen Q1 maritime margins
Vishnu Rajamanickam May 16, 2018
Shipping majors like Hyundai Merchant Marine, Yang Ming, and Hapag-Lloyd have released their Q1 earnings, reporting deficits in the quarter - as the maritime industry faces a steadily rising oil price and a spot market that had been weak for the initial few months of the year.