CALL: +852 580 16695
* The Maximised Rental Agreement is not available for citizens or residents of Australia
germany shipping industry hapag-lloyd

After UASC Merger Hapag-Lloyd Expects Lower Future Investing

September 1, 2017 12:05 am Published by

Hapag-Lloyd expects that the addition of its new fleet from the United Arab Shipping Company (UASC) merger will result in lower levels of investment in the future. Moreover, officials have revealed that the company will be saving $435 million annually from 2019 onward, and have no vessel investments planned for the next few years; instead, Hapag-Lloyd will focus on cash flows.

Following the completed takeover of UASC’s container shipping activities, Hapag-Lloyd will not invest in new ship systems in the next few years. The joint fleet should make it possible to utilise the medium-term expansion opportunities resulting from market growth and to realise economies of scale in ship operations.- Hapag-Lloyd Investor Report

Hapag-Lloyd's net profit for the quarter ending June 30, 2017, was US$17.2 million; compared with a $119 million loss a year earlier. Revenue has also increased by 28 percent to $2.85 billion, boosted by Hapag-Lloyd's merger with UASC in May of 2017.

Comments are closed here.