Hapag-Lloyd Holds as Peers Fold, Mostly Thanks to UASC — Panjiva


Hapag-Lloyd Holds as Peers Fold, Mostly Thanks to UASC

Earnings 365 Global 722

Hapag-Lloyd reported revenue growth of 8.6% on a year earlier in 3Q 2018. That was somewhat slower than peers Ocean Network Express (14.7%) and COSCO Shipping (19.4%) and reflects less ambitious volume growth. On China-U.S. lanes for example growth was just 4.4%. A lower-than-average reliance on China-outbound volumes at 17.7% of total U.S.-inbound traffic in the past 12 months should ensure revenues remain resilient to the effects of the widening U.S.-China trade war. More importantly though cost cutting resulting from the takeover of United Arab Shipping in 2017 offset a surge in fuel ...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.