Hapag-Lloyd stands by its expectations for 2015. That's the word from the container carrier in a press release.
The announcement comes just after Maersk Line downgraded profit expectations for 2015 to 1.6 billion USD, which gave rise to speculation that Hapag-Lloyd may do the same.
But that's not the case, said the container shipping company. Hapag-Lloyd will push on with its planned initial public offering (IPO) Friday and has therefore sent a press release to dismiss any doubts cast over their economic prospects.
The expectations published in the prospectus stand, said the German carrier, who expects to collect USD 300 million from the share sale. Previously the figure was USD 500 million, but the continuing global market turmoil saw it downgraded.
Maersk Line downgrade heralds industry downturn
More from ShippingWatch
Hafnia could face difficulties financing major acquisition from biggest rival
Hafnia is in the process of acquiring 12 vessels from its largest rival, Scorpio Tankers, in a cash transaction estimated at USD 360m. It could prove difficult for Hafnia to finance such a large deal with the current stock prices, analyst tells ShippingWatch.
"Fossil" ships to be part of Norden's fleet for many years to come
Shipping line Norden wants all ships to be able to sail on green fuels in 2030. Until then, the company is not through with buying fossil-fueled ships, head of climate solutions tells ShippingWatch.
Several factors explain the plummeting dry bulk rates
Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.
One of China's busiest ports jammed by Covid
Bottlenecks in the US and Europe greatly impact Chinese port Shenzhen as upcoming holidays are likely to further slow shipment of goods out of China.
Prosafe reports best fleet utilization since 2015
Norwegian hotel rig provider Prosafe, which completed a large-scale restructuring in December, comes out of 2021 with the highest fleet utilization in six years.
Fleet Manager 
Director of Lederne Søfart 
Key Account Manager, Denmark 
Safety & Operations Manager 
Chief Operating Officer 
Sales Director