Issued on 25 May 20 (Shipping market Info.)
Hapag-Lloyd's Financial Report Q1 2020
Cargo volume increased by 4.3% year-on-year, exceeding 3 million TEU and the average freight rate increased to $ 1,094 / TEU, compared with $ 1,079 / TEU in the same period last year.
Market value has grown by more than 600%, and its share price has risen to 187 euros. This means that the market value of Hapag-Lloyd's outstanding shares is as high as $ 34.6 billion, which exceeds the total market value of nine other listed liner companies, including Maersk, according to Alphaliner & various investment media platform information.
Hapag-Lloyd CEO Rolf Habben Jansen believes that although the global epidemic of the new coronary pneumonia has a negative impact on the market, it is expected that the serious impact of COVID-19 will begin to appear from the second quarter. Our focus will continue to be on the safety and well-being of our employees and our customers ’supply chain.
PGA Congrats to Hapag-Lloyd