Liners cut long-haul sailings, but 'it won't be enough' to stop rates tumbling
MSC and the Ocean and Premier container shipping alliances are withdrawing some transpacific and Asia-Europe ...
Photo: Hapag-Lloyd
On the back of rocketing spot freight rates, Hapag-Lloyd today upped its 2024 financial guidance after releasing unaudited first-half results.
The Hamburg-headquartered carrier issued an ad hoc advisory to the Frankfurt Stock Exchange saying it had raised its earnings outlook, “based on preliminary and unaudited figures” for the first half of the year which saw it achieve a group Ebitda of around €1.8bn and a group Ebit of €800m.
These compare with recorded 2023 half-year group Ebitda of €3.5bn and group Ebit ...
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