Hapag 2021 earnings zoom to $12.8 billion on higher freight rates
German container carrier Hapag-Lloyd reported an over 300 percent increase (provisional) in earnings before interest, taxes, depreciation and amortisation (EBITDA) for the 2021 financial year at more than $12.8 billion.

February 1, 2022: German container carrier Hapag-Lloyd reported an over 300 percent increase (provisional) in earnings before interest, taxes, depreciation and amortisation (EBITDA) for the 2021 financial year at more than $12.8 billion.
The main drivers of positive business developments, according to an official release, have been significantly improved freight rates resulting from very strong demand for goods exported from Asia. “At the same time, the major disruptions in global supply chains have led to a significant increase in transport expenses.”
Revenues increased to roughly $26.4 billion (approximately EUR 22.3 billion). “This can mainly be attributed to a higher average freight rate of $2,003/TEU compared to $1,115/TEU in 2020. “
Transport volumes were roughly on par with the prior-year level at 11.9 million TEUs (2020: 11.8 million TEUs) due to the strained supply chains.
Hapag-Lloyd will publish its 2021 annual report with an outlook for the current financial year on March 10, 2022.
NIIF invests ₹2250 crore for 22.5% share in DP World's Hindustan Ports
1 July 2022 11:16 AM GMTCMA CGM lowers freight rates to support French households
1 July 2022 10:30 AM GMTOver 250 jewellers switch from email to BVC's WhatsApp For Logistics...
1 July 2022 8:17 AM GMTDrewry says beginning of end for carriers' bull run
1 July 2022 7:00 AM GMTMSC signs UN Global Compact Sustainable Ocean Principles
30 Jun 2022 1:00 PM GMTMahindra Logistics to focus on skill enhancement of D&I candidates
30 Jun 2022 12:38 PM GMTXeneta Shipping Index zooms over 10% in June
30 Jun 2022 11:45 AM GMT