Hapag-Lloyd has concluded the first semester with a net loss of -173,3 million euros



In according to trimester of this year shipowning company German Hapag-Lloyd it has recorded an emphasized deterioration of the economic results against a decided increase of the transported containerized volumes from the fleet. The period has been archived item with a net loss of -54,2 million euros respect to a profit clearly of 20,9 million euros in the period April-june of 2013. The revenues are diminished of the -2,7% attesting itself to 1,66 billion euros. The costs determined from the transport activities have been pairs to 1,47 billion euros (+0.5%). The EBITDA is piled to 64,3 million euros (- 56.5%) and the EBIT has been of sign negative for -20,9 million euros respect to a positive result for 60,9 million euros in according to trimester last year.

In according to trimester of the 2014 fleet of portacontainer of Hapag-Lloyd it has transported cargo volumes pairs almost 1,5 million teu, with an increment of +6.0% on the same period of 2013. The medium hire for container teu has turned out pairs to 1.426 dollars, down of the -4,9% regarding 1.499 dollars in according to trimester last year.

"The fact that we have recorded this unsatisfactory result although the clear efforts in order to reduce the costs - has commented the managing director of the German company, Rolf Habben Jansen - it is determined by the disappointing development of the hires in all the traffics". In particular, in according to trimester of the 2014 medium hire for teu for the traffics with the Far East it has been pairs to 1.158 dollars (- 8.5%), those relative to the traffics ocean-going liners and transpacifici respective to 1.614 dollars (- 3.7%) and 1,739 dollars (- 1.1%), the medium hire for services with the Latin America to 1.349 dollars (- 4.1%) and the medium hire of the services with Australia and Oceania to 1.163 dollars (- 8.9%).

In the first semester of the 2014 fleet of Hapag-Lloyd it has transported volumes pairs almost 2,9 million teu, with an increase of +5.8% regarding the first half last year. The medium hire for teu has been pairs to 1.424 dollars (- 6.4%).

In the first six months of this year the company has totaled a net loss of -173,3 million euros on revenues for 3,21 billion euros respect to a net loss of -72,7 million euros on revenues for 3,36 billion euros in the first semester of 2013. The costs produced from the transport activities have been pairs to 2,87 billion euros (- 2.7%). The EBITDA is piled to 67,2 million euros (- 60.9%) and the EBIT has been of sign negative for -105,5 million euros respect to a result of positive sign for 2,0 million euros in the first six months of 2013.

Hapag-Lloyd previews an improvement of the results in the second half of the year of 2014. "In the second half of the year - Habben Jansen has explained - we expect to record a better result, even if the continuous scene to being difficult. We will continue to cut the costs and our fusion with CSAV will in future allow us to realize synergies for a value per year at least 300 million dollars". Hapag-Lloyd has remembered that the fusion of the activities of containerized marine transport with those of the Compañía Chilean American South de Vapores (CSAV), that it is agreed in spring ( on 17 April 2014), it is still subject to the approval of about a dozen of authority antitrust, but it has emphasized that an important step is completed at the end last month with the green light to the operation deliberated from the American authorities.

Hapag-Lloyd previews to close the entire exercise anniversary 2014 with an operating result of positive sign, even if clearly inferior to that achieved in 2013.