Comment / Analysis: Shamelessly lucky Friday the 13th for Hapag-Lloyd

It takes about three minutes to get away with a fair assessment of Hapag-Lloyd’s nine-month results (9M ’20), which were released today – and that’s regardless of the preliminary guidance update from mid-October.

In his prepared remarks, Hapag-Lloyd (HLAG) CEO Rolf Habben Jansen today – the full interim report, 60 pages, is here – said that:

“We have achieved a good result and strictly managed our costs while (…) benefiting from improved market conditions in the third quarter. However, with its increasing number of cases worldwide, ...