Hapag-Lloyd today said it was maintaining its 2020 ebitda guidance of €1.7bn-2.2bn, despite unpredictable fluctuations in demand, due to the coronavirus pandemic.
This morning it posted a first-quarter ebitda of €469m ($507.8m), a decline of €20m from the same period last year.
This, it said, was largely due to the impact of higher fuel prices in the wake of the IMO’s low-sulphur regulations that came into effect on 1 January.
“Despite the coronavirus …
The post Hapag-Lloyd revenue on the up,...
https://theloadstar.com/hapag-lloyd-revenue-on-the-up-but-volatile-fuel-prices-skim-profits/