Gemini Cooperation carriers steam ahead of rivals in reliability stakes
Ocean carriers “need a big nudge” to get their global on-time performance (OTP) back to ...
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By Mike Wackett
Hapag-Lloyd’s preliminary results for 2020, of an ebit of $1.5bn, are at the top end of its revised earnings forecast.
But the full effect of the surge in freight rates in the final months of 2019 will probably not be seen until this quarter.
Hapag-Lloyd said the main drivers for the enhanced results had been “improved freight rates and lower bunker prices”, as well as some $500m of cost savings.
The ebit figure included a one-off expense of around $140m in Q4 “mainly ...
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