Comment / Welcome to the 'Hapag-Lloyd Bank'!

ID 3893244 © Edward J Bock 111 | Dreamstime.com

With core investment-driven shareholders, including billionaire Klaus-Michael Kuehne and Chile’s CSAV, controlling 96.4% of Hapag-Lloyd’s equity capital, there’s one noteworthy, pertinent takeaway from today’s Q2 23 numbers released by the carrier.

And that has less to do with shipping than fund management, confirming previous findings elsewhere in transport and logistics (T&L).

The box line’s numbers, essentially a ’non-event’ for the stock market where the shares change hands -3% in early trade, point to: higher vessel capacity in H1 23 against one year earlier; lower container ...