IMO 2020 Overshadows Hapag-Lloyd’s 2020 Profit Outlook – CEO

HAMBURG, Jan 10 (Reuters) - Tougher rules on sulphur emissions from ships set by the International Maritime Organisation (IMO) from January burden the profit outlook for Germany's container shipping line Hapag-Lloyd this year after a good 2019, its chief executive said. "This will make it difficult for us to achieve a better (2020) result," Rolf Habben Jansen told reporters … [Read more...]

Hapag-Lloyd Sees Better Freight Rates, Higher Volumes in 2019

FRANKFURT, Nov 14 (Reuters) - German container shipping line Hapag-Lloyd on Thursday reported it more than doubled earnings before interest and taxes (EBIT) to 643 million euros ($708.59 million) in the first nine months of 2019, citing better performance in volumes and freight revenues. "Despite geopolitical tensions and trade restrictions, we benefited from higher … [Read more...]

Joining CMA CGM, Hapag-Lloyd Rules Out Northern Sea Route Passages

Hapag-Lloyd has ruled out sending its ships through the Northern Sea Route for the foreseeable future despite faster transit times, joining rival CMA CGM in shunning Arctic shipping due to heightened environmental risks. Hapag-Lloyd’s Senior Director Sustainability, Jörg Erdmann, says the company has no plans to send ships through the Arctic shipping until it can guarantee … [Read more...]

Hapag-Lloyd Upbeat on 2019 After Strong First Half

By Vera Eckert FRANKFURT, Aug 7 (Reuters) - Rising freight-rate income and transport volumes boosted Hapag-Lloyd's performance in the first half of 2019, allowing it to remain optimistic about full-year earnings and pushing its share price up more than 10%. "We expect stable or higher growth in transport volumes in the second half. Freight rates may perhaps be a touch … [Read more...]