One factor overshadowed the pandemic at Hapag-Lloyd in 2020
The coronavirus pandemic has turned the world upside down, and yet Hapag-Lloyd's biggest change in 2020 is something entirely different. According to the company's chief executive, customers are now also starting to benefit from the earnings party.
Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.
Demand on the majority of busy container routes is now at its lowest level in three years, an influential analyst bureau reports, saying volumes may continue to plummet beyond the Chinese New Year in February.