“Hapag-Lloyd highlighted at its Capital Markets Day in Hamburg yesterday how it has become the best performing container liner, on the back of successful revenue management initiatives under Strategy 2023. Management provided a reassuring update on IMO 2020, which will likely see further tightening of the market related to scrubber retrofits in 4Q19E and FY20E, with a price hike of c12% from Dec 1st to cover the IMO 2020 transition period, in line with peers.” – Jefferies, 21 November. 

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