Spot rates still tumbling, but carriers 'can still make good money', says NVOCC
Container spot rates from China to Europe and the US tanked again this week, leading ...
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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 – ...
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