German shipping firm Hapag-Lloyd has reported a net profit of $4.7bn in the first quarter of 2022, more than triple compared with $1.45bn in the same quarter last year.
The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) surged 59.3% to $5.3bn in the current quarter, versus $1.9bn in the first quarter of 2021.
Higher freight rates and a stronger US dollar resulted in revenue growth of 82.7% in the current quarter, to $9bn, as against $4.9bn in the year-ago...
https://www.ship-technology.com/news/hapag-lloyd-net-profit-soars/