Hapag-Lloyd shines
Hapag-Lloyd, Germany's largest shipping company and number five in the global ranking of liner shipping companies, has received a strong tailwind from the coronavirus pandemic and was able to present a significantly improved result compared to the previous year. According to preliminary figures, earnings before interest and taxes (EBIT) rose to around 1.3 billion euros. This includes one-off expenses totalling around 120 million euros. The increase in freight rates by an average of almost USD 50 per TEU compared to 2019 due to high demand and lower bunker prices played an important role in the good result. However, cost savings of around 500 million euros also had an impact.
Weiterlesen
Latest comments