Hapag-Lloyd’s Course Has Room for Maneuver, Need for Speed and K+N Deal — Panjiva
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Hapag-Lloyd’s Course Has Room for Maneuver, Need for Speed and K+N Deal

Corp - Forwarders 157 Corp - Shipping 610 Earnings 365 Global 724 Mergers 200 Mode - Containerized 1007 Mode - Seaborne 1275

Hapag-Lloyd’s new five-year strategy focuses on efficiency and service rather than scale. The company is targeting a 12.0% EBITDA margin by 2023 vs. 10.5% in the 12 months to Sept. 30. A cost cutting plan is planned that’s equivalent to 3.2% points, giving the firm a significant buffer to compete for extra volumes. With antitrust considerations likely to rule out further industry consolidation then improved services will be needed. CMA-CGM’s “Eagle GO” guaranteed, high-speed service is one example and has allowed it to expand U.S.-inbound volumes by 13.2% in 12 months to Oct. 31 vs. a ye...

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