The Containership Company reports US$3 million first half loss.

The Containership Company reports US$3 million first half loss.

Transpacific start-up The Containership Company (TCC) has posted first half net loss of US$3 million for its first six months of operation.

TCC said the "outlook for box rates in the Pacific trades is uncertain due to significant new capacity coming into the market causing cargo volumes out of Taicang also to be more volatile.

"Supply of new capacity into the Pacific trades can also negatively affect the operating result for TCC," said the company.

TCC utilisation levels, calculated by Alphaliner, show April-to-August volume below market average, with load factors of 66 per cent. August volumes, said the Paris agency, have weakened further, despite raising vessel size from 2,800 to 3,000 TEU.

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