ShippingWatch

Hapag-Lloyd upgrades 2020 guidance after strong third quarter

Like many others, Hapag-Lloyd is also seeing increased demand and a greater improvement on the heels of the coronavirus crisis than first expected. This development has led to improved volumes and higher revenue, which now causes the carrier to upgrade its full-year guidance.

Photo: PR / Hapag-Lloyd

German container shipping line Hapag-Lloyd upgrades its full-year 2020 guidance.

The group now expects to achieve an operating result before depreciations and amortiaztions (EBITDA) of between EUR 2.4 and 2.6 billion. Previously, the company expected that figure to land somewhere in the range of EUR 1.7-2.2 billion.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Alphaliner: HMM set to go private in 2022

The South Korean state is reportedly prepared to divest container line HMM after having rescued the company from bankruptcy in 2016. According to Alphaliner, South Korea's central administration has confirmed a plan to privatize the carrier in 2022.

400 people risk being laid off at Seadrill

Once the contracts for two of Seadrill's drilling rigs expire, around 400 of the company's 1,050 employees are at risk of losing their jobs, reports media. Labor union expects the carrier to announce dismissals prior to Christmas.

X-Press Feeders orders eight methanol-powered container vessels

Singapore-based carrier X-Press Feeders has placed an order for eight new container vessels capable of sailing on both green methanol and conventional bunker oil. The ships will be delivered in 2023 and 2024. The carrier initially announced the order as being for 16 new ships but has since adjusted this number. Updated.

Further reading

Related articles

Latest news

See all jobs