Hapag-Lloyd reports US$4.7 billion profit in first quarter

Hapag-Lloyd has achieved “an exceptionally strong start” of the year, according to the company’s CEO Rolf Habben Jansen, who expects a strong second quarter.

The German ocean carrier has concluded the first quarter of 2022 with an EBITDA of US$5.3 billion, EBIT of US$4.8 billion, while the Hapag-Lloyd’s profit climbed to US$4.7 billion and revenues rose to US$9 billion.

The increased revenues can primarily be attributed to a much higher average freight rate of US$2,774/TEU and a stronger US...

https://container-news.com/hapag-lloyd-reports-us4-7-billion-profit-in-first-quarter/

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