Hapag-Lloyd upgrades as Brazil, U.S. operations continue to struggle — Panjiva
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Hapag-Lloyd upgrades as Brazil, U.S. operations continue to struggle

Brazil 399 Corp - Shipping 981 Earnings 730 Health Care 354 Materials - Chemicals 241 Mode - Containerized 1475 Mode - Seaborne 1806 U.S. 5325

Hapag-Lloyd has become the fourth major logistics firm to increase its full year earnings guidance with a 28.2% rise in its EBITDA expectations. That results from “significantly higher demand and respectively higher transport volumes” on a sequential basis for Q3 versus Q2 according to the firm. Global volumes handled by the firm were still down by 3% year over year, similar to Maersk’s statements. U.S. seaborne imports handled by Hapag-Lloyd fell by 8.0% year over year in Q3 and saw an accelerating rate of decline in September compared to August. The downturn was due to slowing shipment...

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