Page 41 - Hapag Lloyd News Today

FRANKFURT (Reuters) -German container shipper Hapag-Lloyd on Thursday posted net profit of 2.9 billion euros ($3.18 billion) for the first half of 2023, down by 67% from a year earlier, but maintained its full year earnings forecast. The net profit compared with 8.7 billion euros in 2022 when shipping, a proxy for global trade, enjoyed a boom as economic growth rebounded following the end of pandemic lockdowns and as logistics disruptions raised freight rates for customers. Cheaper freight has a...

European stocks were mostly higher on Thursday ahead of U.S. CPI data that might offer clues on whether the Fed pauses, pivots or marches upwards with rates. Markets are positioning for a slight increase in the headline rate but a decline in the core rate of inflation.

German container shipper Hapag-Lloyd has posted a net profit of €2.9 billion for the first half of 2023, down by 67% from a year earlier.

The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside after ending the previous session mostly lower.

“Weaker demand and lower freight rates are having a very noticeable impact on our earnings,” said Hapag-Lloyd CEO Rolf Habben Jansen. The post ‘Very noticeable impact’ from down market $6B whammy to Hapag-Lloyd’s profits appeared first on FreightWaves.

According to Ship it Zero, its decarbonisation score card shows that only a few carriers are tracing emissions and decarbonisation data.

German shipping major Hapag-Lloyd has taken delivery of the second 23,600 TEU containership powered by liquefied natural gas (LNG) from Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering Co. (DSME).

The maritime industry breathed a sigh of relief as West Coast ports inked a labor agreement. The next challenges: the effects of climate change, a tepid global economy, new environmental regs, and a looming capacity glut.

German shipping major Hapag Lloyd has completed the acquisition of SM SAAM’s terminal business and related logistics services.

Operator: Thank you for standing by, and welcome to the Capital Product Partners Second Quarter 2023 Financial Results Conference Call. We have with us Mr.