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Hapag-Lloyd expects 2021 strong financial earnings

On the basis of preliminary figures, Hapag-Lloyd has announced its earnings before interest, taxes, depreciation and amortisation (EBITDA) for the 2021 financial year increased to more than US$12.8 billion, while earnings before interest and taxes (EBIT) rose to US$11.1 billion.

"The main drivers of these positive business developments have been significantly improved freight rates resulting from very strong demand for goods exported from Asia," said the German container carrier. At the same time, the major disruptions in global supply chains have led to a significant increase in transport expenses.

Additionally, revenues increased to US$26.4 billion and this can mainly be attributed to a higher average freight rate of US$2,003/TEU compared to US$1,115/TEU in 2020, according to Hapag-Lloyd's preliminary figures.

Meanwhile, the Hamburg-based shipping company expects transport volumes of 11.9 million TEU for 2021, which is practically unchanged to the 2020's numbers.

Hapag-Lloyd will publish its 2021 annual report with the audited financial figures and an outlook for the current financial year on 10 March 2022.

Antonis Karamalegkos
Managing Editor

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