PR: Hapag-Lloyd updates forecast for financial year 2020

October 15, 2020 LoadstarEditorial

PRESS RELEASE
15 October 2020
– Performance of container shipping market and Hapag-Lloyd in Q3 much better than anticipated
– Compared to Q2 much stronger demand and higher revenues in Q3
– Performance Safeguarding Program running successfully
On the basis of preliminary figures, Hapag-Lloyd’s earnings before interest and taxes (EBIT) for the third quarter 2020 significantly increased to around EUR 350 million (2019: EUR 253 million). Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose ...

The post PR: Hapag-Lloyd updates forecast for financial year 2020 appeared first on The Loadstar.

Previous Article
Banking executive Yair Seroussi joins ZIM as chairman
Banking executive Yair Seroussi joins ZIM as chairman

ZIM Integrated Shipping Services has appointed Yair Seroussi (pictured) as its new chairman following a sha...

Next Article
M&A radar: Waiting for a PIL deal, Santa comes early for CMA CGM, Hapag & Zim
M&A radar: Waiting for a PIL deal, Santa comes early for CMA CGM, Hapag & Zim

It’s not an epic fantasy trilogy but reality now, as two carriers’ celebrations that started last week enla...