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Another quarter, another earnings record for Germany’s Hapag-Lloyd, the world’s fifth-largest container line operator. But the focus now is less about what happened a few months ago and more about what’s happening now with China lockdowns and consumer demand, and what’s around the corner for supply chains and ocean freight rates. The implied message of ...
By Mike Wackett (The Loadstar) – As container spot rates continue to wane and close in on contract rates two more ocean carriers have reported record first quarter earnings. Taiwanese carrier...
“Africa remains an important strategic growth market. Particularly for our service offering from and to South Africa, DAL is a valuable addition, allowing us to offer our customers a better network and additional port coverage in this region,” said Hapag-Lloyd CEO Rolf Habben Jansen.
Rating agency Standard & Poor’s Global Rating (S&P) today upgraded Hapag-Lloyd’s credit rating from “BB” to “BB+” with a “stable” outlook. The senior unsecured bond rating was also upgraded from “BB” to “BB+”. S&P argued that Hapag-Lloyd’s preliminary EBITDA of EUR 10.9 billion in 2021 quadrupled year-on-year, which exceeded the rating agency’s forecast made in ...
Share: The German shipping line Hapag-Lloyd is not one to bandy about words like "whopping" or "skyrocketed" or "best ever" when describing bottom-line financial results. But the bottom line is Hapag-Lloyd's first-quarter 2021 earnings before interest and taxes of $1.5 billion equaled the EBIT for all four quarters of 2020. For Q1 alone, EBIT was up by $1.36 billion — that's billion with a B — from $176 million in 2020 to the $1.53 billion this year. Earnings before interest, taxes, depreciation and amortization (EBITDA) totaled about $1.9 billion, nearly a $1.4 billion improvement fr...