Profit growth for container giant Hapag-Lloyd

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Container manager Hapag-Lloyd has seen its profits grow last year, partly due to higher transport volumes, improved freight rates and sustained cost savings.

The operating result (EBIT) came to 443 million euros. That was 411 million euros a year earlier. Transport volumes increased by 21 percent while bunker prices, the cost of marine fuel, grew by 18 percent.

Hapag-Lloyd publishes its annual results and a prognosis for the new year on 22 March.


By: Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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