EBIT

Top Shipping Company’s Profit Drop Ends the Party

Credit: rinson-chory-2vPGGOU-unsplash

The party is over – Hapag-Lloyd reports a slump in profits, states a Breaking Latest news report.

The end of the special boom

The end of the special boom for the shipping company is not unexpected: Since transport on the world‘s oceans has been going better again, prices have fallen – and with them profits. However, Hapag-Lloyd is not dissatisfied. But this has consequences for the Hamburg state treasury.

The normalization of global supply chains and the...

https://mfame.guru/top-shipping-companys-profit-drop-ends-the-party/

Maersk Reports Revenue Of $12.4 billion For Q1 2021

Maersk significantly increased full year profit expectations as it reported revenues of $12.4bn for Q1 2021 with an EBITDA of $4bn and an underlying EBIT of $3.1bn for the three-month period, says an article published in its website.

Maersk on Q1 result

The company said, “Consequently, given the result in Q1 2021 and the exceptional market situation now expected to continue well into the fourth quarter of 2021. Trading conditions for the quarters ahead remain subject to a higher than normal...

https://mfame.guru/maersk-reports-revenue-of-12-4-billion-for-q1-2021/

Hapag-Lloyd profit swells despite shrinking volumes

Hapag-Lloyd maintains that despite doused volumes in the second quarter, it has the liquidity and strong earnings to stay well above water.

“After the year got off to a decent start, transport volumes significantly declined in the second quarter as a result of the COVID-19 pandemic. We benefited from the sudden drop in bunker prices, adjusted capacity to lower demand and took additional cost-cutting measures as part of our performance safeguarding program,” CEO Rolf Habben Jansen said in...

https://s29755.pcdn.co/news/hapag-lloyd-profit-swells-despite-shrinking-volumes

ZIM’s loss drops as EBITDA and cash flow jump

ZIM’s year-over-year operating cash flow zoomed upward by more than 70% in the first quarter of 2020.

The Israel-based container carrier reported operating cash flow of $101.6 million in Q1, a 70.2% increase from the $59.7 million reported in 2019.

ZIM Integrated Shipping Services Ltd. said that despite the challenging and unprecedented business environment during the coronavirus pandemic, it continued to improve its commercial and financial performance and expand its global network. 

Adjusted net...

https://s29755.pcdn.co/news/zims-loss-drops-as-ebitda-and-cash-flow-jump

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