hapag-lloyd
Hapag-Lloyd has concluded the first half of the year 2020 with earnings before interest and taxes (EBIT) of USD 563 million (EUR 511 million), thereby surpassing the prior-year figure of USD 440 million (EUR 389 million). The Group profit improved to USD 314 million (EUR 285 million). At the same time, earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to USD 1.29 billion (EUR 1.17 billion).
“After the year got ...
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For the first quarter of 2020, Hapag-Lloyd recorded earnings before interest and taxes (EBIT) of US$176 million, which is below the corresponding prior-year figure of US$243 million. The Group net result declined to approximately US$27 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased slightly to US$517 million.
“Despite the ...
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Hapag-Lloyd expands its Oceania product portfolio. During the month of October 2019 (week 43), two new services which will offer weekly direct sailings between Thailand, Malaysia, Singapore and Australia on top of our existing South East Asia Australia Loop 1 (SAL) will be launched.
“Connecting via Singapore on our global mainline ...
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Hapag-Lloyd has concluded the first half of the year 2019 with a significantly higher operating result than in the same period of the previous year. Earnings before interest and taxes (EBIT) increased to EUR 389 million (H1 2018: EUR 91 million). The Group net result rose to EUR 146 million ...
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Hapag-Lloyd has placed a record order for the refrigerated containers known as “reefers”. Production of 970 20-foot containers and 12,450 40-foot containers is already scheduled to commence as early as July. Delivery of the refrigerated containers, which have traditionally been white as opposed to Hapag-Lloyd’s orange standard containers, is set ...
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Rating agency Moody’s has upgraded Hapag-Lloyd’s corporate family rating (CFR) to B1 from B2 and its senior unsecured bond rating to B3 from Caa1. The outlook remains stable. The improved rating acknowledges Hapag-Lloyd’s progress in integrating United Arab Shipping Company Limited (UASC) while reducing leverage and generating positive free cash ...
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The Supervisory Board of Hapag-Lloyd AG has appointed Maximilian Rothkopf to its Executive Board effective May 1, 2019. On 1 July, he will become the new COO, replacing Anthony J. Firmin, who will retire on June 30.
Maximilian Rothkopf, who holds a master's degree as well as a doctorate in business ...
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Hapag-Lloyd has disclosed details of its new mid-term Strategy 2023. Following a period of consolidation, the liner shipping industry has changed significantly. Hapag-Lloyd is more than two times larger than it was in 2014 in terms of transport capacity. At the same time, further consolidation amongst the largest players in ...
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The supervisory board of Hapag-Lloyd AG has unanimously approved to extend the
contract of Chief Executive Officer Rolf Habben Jansen for a further five years until 31
March 2024.
“With Rolf Habben Jansen at the head, Hapag-Lloyd has further improved its position as a
leading global liner shipping company in a challenging market environment ...
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Hapag-Lloyd has completed the first quarter 2018 with earnings before interest, taxes,
depreciation and amortization (EBITDA) of EUR 219.4 million, which is an increase
compared to the first quarter of the previous year (EUR 135.3 million). The operating result
before interest and taxes (EBIT) stood at EUR 53.7 million after three months (first ...
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