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Market SMS

Hapag-Lloyd: 7.6 mln TEU carried in 2016 (+2.7% yoy)

Publication date: 2017-03-27

Tags: sms

"The key areas of focus for us in 2017 will be the launch of our new alliance as of April 1st, and the rapid and seamless integration of UASC," Rolf Habben Jansen, Hapag-Lloyd's CEO, said.

He further added, "We had a very challenging market environment in the first six months of 2016, but were able to improve revenue and results significantly in the second half of the year. Even though we performed relatively well in the industry in 2016, the bottom line is still that this result is not satisfactory. We expect some market improvement in 2017, but our success will largely depend on our ability to achieve more sustainable freight rates. Longer term, the lack of orders for new builds and the continued high scrapping figures point to a better equilibrium between capacity supply and demand."

"Due to long-term contracts we have not yet been able to fully capture the recent positive rate development in the spot market while bunker price has increased significantly. We will continue to work hard to make Hapag-Lloyd even more competitive and to build on our strong position. Our efforts will be supported by the expected synergies and the further diversification of our product portfolio due to the merger with UASC," Rolf Habben Jansen, summed up.

Check also Hapag-Lloyd's Baltic-linked sea container network
on the free Baltic Transport Maps interactive portal >>>

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