News / Hapag-Lloyd nets $1.8bn in Q2 – an 'extraordinary financial result', says CEO

© Kevin Nieuwland

Hapag-Lloyd posted a net profit of $1.8bn for the second quarter of the year, compared with just $287m for Q2 20, and says it expects very strong earnings for at least the next three quarters.

Revenue was up 70%, to $5.65m, from a 12% uplift in liftings to 3,029,000 teu – which was, however ,slightly below carryings in the same quarter of 2019.

It’s average rate jumped to $1,714 per teu, just below OOCL’s $1,799, but significantly higher than Maersk’s reported $1,519, ...