Hapag-Lloyd stands by 2015 forecast ahead of IPO

The German container carrier rejects speculation about a downgrade ahead of its scheduled IPO Friday, after Maersk Line downgraded expectations to USD 1.6 billion.

Photo: Hapag-Lloyd

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

Maersk downgrades 2015 expectations 

Alphaliner: Hapag-Lloyd IPO faces big challenges 

More from 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.

Further reading

Related articles

Latest news

See all jobs