ShippingWatch

Hapag-Lloyd expects to surpass last year's result in 2021

Hapag-Lloyd is doing so well that the German container line now expects the 2021 operating income to "clearly surpass" last year's result. This is, however, conditioned on volumes continuing to grow and average freight rates staying higher than in 2020.

Photo: PR / Hapag-Lloyd

Hapag-Lloyd, which announced its acquisition of Dutch container line NileDutch yesterday, is optimistic about the container market and expects both its 2021 EBIT and EBITDA to "clearly surpass" that of 2020, writes Hapag-Lloyd in a press release, in which the container line confirms its previously published full-year interim figures from January.

In 2020, Hapag-Lloyd thus landed an operating result (EBITDA) of more than USD 3 billion and a result before tax and special items (EBIT) of nearly USD 1.5 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

Further reading

Related articles

Latest news

See all jobs