Europe’s Ports Face Profit Pinch as Box Capacity Jumps

Europe’s Ports Face Profit Pinch as Box Capacity Jumps

Jock Fistick/Bloomberg

Among shippers, an oversupply of vessels led to a price war on routes between Asia and Europe, which, compounded by soaring fuel costs, caused losses last year at major lines including A.P. Moeller-Maersk A/S of Copenhagen.