ShippingWatch

Hapag-Lloyd upgrades its 2020 earnings forecast due to strong market

The German container line now raises its full-year earnings forecast due to a better-than-expected ongoing fourth quarter. "Today we are deploying every available ship," says CEO Rolf Habben Jansen.

Photo: PR / HHLA / DIetmar Hasenpusch

German container shipping Hapag-Lloyd now follows suit with several of the industry's other major players and raises its 2020 earnings guidance.

This is done in the middle of a fourth quarter in which market conditions have developed better than expected, the company informs.

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