Hapag-Lloyd issued its preliminary 2020 results on Wednesday and said earnings were “significantly higher despite the coronavirus pandemic.” In fact, earnings before interest, taxes, depreciation and amortization (EBITDA) were some $900 million higher than in 2019.
The German shipping line reported 2020 EBITDA of $3.1 billion, up from $2.22 billion the year before.
According to the preliminary figures, earnings before interest and taxes (EBIT) increased to about $1.5 billion, up from $908...