Hapag-Lloyd Avoids China Risk, Can’t Dodge Fuel Cost Troubles — Panjiva


Hapag-Lloyd Avoids China Risk, Can’t Dodge Fuel Cost Troubles

Corp - Shipping 608 Earnings 365 Global 722 Mode - Containerized 1005 Mode - Seaborne 1273

Hapag-Lloyd reported 4Q revenues that rose 16.1% year over year, though that included an average container-rate increase of just 3.9%. That was well below Maersk, and the industry average, which achieved a 9.3% improvement. Hapag-Lloyd’s volume growth of 7.2% did not receive a big boost from the Trans-Pacific tariff war – its China-to-U.S. volume rose by just 6.5% year over year in 4Q and have since fallen by 1.0% in January. With China accounting for just 18.1% of total U.S.-inbound volumes it should remain unaffected by future developments in U.S.-China relations. The bigger problem f...

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