Hapag Lloyd’s Success Not All It Seems, But Still Solid — Panjiva
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Hapag Lloyd’s Success Not All It Seems, But Still Solid

Corp - Shipping 617 Earnings 371 Global 748 Mode - Containerized 1018 Mode - Seaborne 1287

Hapag-Lloyd reported 1Q 2019 revenues that surged 16.9% higher year over year. That was largely down to a strengthening dollar, excluding which the container-line’s revenues rose by 8.6%. The increase was driven by a 2.4% increase in volumes including transpacific volumes that fell by 1.1%. Given Asia-to-U.S. West Coast handling increased by 3.8% year over year that would suggest backhaul volumes were particularly weak. The second quarter looks set for a surge in activity after Hapag-Lloyd’s April volumes climbed 5.3% year over year on Asia-to-USWC routes and by 12.0% on all ...

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