The German shipping company Hapag-Lloyd closed the first quarter of this year, with results lower than the corresponding period of 2010 despite the significant increase in turnover caused by the growth of containerized volumes transported by the fleet, but most of the freight .
In the period from January to March of 2011 the company revenues totaled € 1,483 million, an increase of 16.5% compared to € 1,273 million in the first three months of last year. EBITDA and EBIT amounted respectively to € 84.6 million (-7.8%) and 12.3 million euro (-33.2%). Hapag-Lloyd closed the first quarter of 2011 with a net loss of EUR 22.1 million compared to net income of EUR 2.8 million in January-March period last year.
"Given the prevailing situation - said today the chairman of Hapag-Lloyd Holding, Michael Behrendt - in the first quarter, we achieved a good result.However, the increase in oil prices, a weak U.S. dollar and increasing competition have made the task more difficult. Our goal must be to ensure that the external charges are covered by appropriate increases in freight rates. "
Hapag-Lloyd announced that on 31 December, its net financial position improved by € 46 million to -1.08 billion euro and, on 8 April, the company repaid a loan worth 161.7 million € of the TUI Group, which owns 49.76% of the share capital of the Hapag-Lloyd AG Holding, a holding company that holds the entire share capital of the operating company Hapag-Lloyd AG.
In the first quarter of this year the company's fleet of Hamburg carried containerized volumes amounted to 1,197,000 TEUs, with an increase of 2.0% over the same period in 2010. The average freight rate per TEU container was $ 1,563 (+9.9%).
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The German shipping company Hapag-Lloyd closed the first quarter of this year, with results lower than the corresponding period of 2010 despite the significant increase in turnover caused by the growth of containerized volumes transported by the fleet, but most of the freight . 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
