Hapag-Lloyd won't take bookings if port congestion leaves cargo stranded
A “cautious” Hapag-Lloyd has warned it will not accept bookings if port congestion leaves cargo ...
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By Mike Wackett
With just days remaining until its $300m IPO, Hapag-Lloyd has sought to reassure potential investors about its financial outlook.
The move came after rival Maersk’s profit warning on Friday following deteriorating returns from its container line in September and into October.
A statement from the German group said: “In response to queries received following Maersk’s update, Hapag-Lloyd reiterates its outlook for 2015 as provided in the IPO prospectus.”
It continued: “Based on current trading, the EBITDA margin in September is expected to be ...
Comment on this article
Kevn Monteath
October 26, 2015 at 3:17 pmHi,
Coming from a liner and freight industry and keeping my self informed all these 31 years,whats Happening here,
How did the liner industry big guns ever think HOW will the slots in the MEGA vessels be taken or utilized and which trade lanes,
The population is still 8.3 billion the world over! what board room brings the plan and strategy to go MEGA vessels! Where is the balance demand and supply! spend analytics from the common people and industry escalation is NOT there has rapid that we all can see,
Another deep Nail in the Coffin! This has always been my argument and debate with the industry friends I have. Severe Pre-caution to be taken.
My views
Nick Coverdale
October 28, 2015 at 2:16 amThere are two hope’s of Hapag fairly obtaining the original IPO prospectus Bob and none.
The simply answer with HP is Rolf Habben Jansen and his track record, look what he did to Damco ,hey maybe Hapag will also move to the Hague to be closer to their clients?