Hapag chief bullish on demand growth, 'thanks to higher schedule reliability'
Hapag Lloyd expects its above-average Q1 market growth to sustain in Q2, CEO Rolf Habben ...
When Rolf Habben Jansen took the helm of Hapag-Lloyd in 2014, the German carrier was a private company with 191 vessels (2013: 151) and annual ebitda of €99m (2013: €389m), recording hefty operating losses (-€112m, adjusted ebit and -€383m unadjusted) on annual revenues of €6.8bn.
Other key metrics at the time – 2014 was just one of those very bad years we were used to – are shown in the table below.
Joining Hapag-Lloyd from larger rival Maersk’s once-glorious Damco subsidiary – ...
Four crew members still missing as Wan Hai 503 continues to burn
Predatory rivals circle as the ripples from DSV's Schenker buy widen
MSC Elsa crew face criminal probe, as Wan Hai 503 firefighters battle on
Latest Israeli attack on Iran a threat to box ships in Straits of Hormuz
'It's driving us mad', say forwarders as US court fails to end tariff turmoil
Transpacific rates ease as capacity boost proves too much for trades to digest
European port congestion easing – for now
CMA CGM 'testing the water' of the Suez Canal for more services
Industry concerns rise after yet another box ship on fire off Indian coast
More legal trouble in India for MSC: feeder vessel detained after box ship disasters
Flexport: Sanne Manders talks profitability, fire-sales and Dave Clark
MSC to hold 15% global container terminal market share after Hutch buy
EXCLUSIVE: Schenker top exec departs 'One DSV' – fishing continues (Part 1)
EXCLUSIVE: The good old DSV, 'Winning as One' – all Schenker top dogs out (Part 2)
DHL makes €500m bid to increase its presence in 'fast-growing Gulf markets'
Comment on this article
NAIM JADUE
December 16, 2019 at 1:19 pmYou were bearish in Happag, you didn’t like it all your past comments in the company where unoptimistic, you were focus in the high debt of the company, until now that the market talked with the price of the share going X3, Now you change your view, but its late , already rallied x3, and i am happy i hold my position.
Best WISHES!!!!!
Alessandro Pasetti
December 16, 2019 at 1:27 pmMany thanks for your comment, NJ. Good points.
“You were bearish in Happag” – True
“You didn’t like it all your past comments in the company where unoptimistic” – no really, you can easily tell the narrative changed this year.
“you were focus in the high debt of the company” – True, and am still there
“Now you change your view” – I haven’t!
“already rallied x3, and i am happy i hold my position.” – and so am I.
Very well done and good luck!
Best wished to you.
Ale