Independent journal on economy and transport policy
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Hapag-Lloyd concludes 2014 with a passive fort on which they weigh the costs of integration with CSAV
Last year the fleet of the German company has transported 5,9 million container (+7.5%)
March 27, 2015
The shipowning company German Hapag-Lloyd has closed the exercise anniversary 2014 with a net loss of -603,7 million euros respect to a net loss of -97,4 million euros in 2013. Turned out Sul final last year weighs mainly extraordinary the operating costs for 111,6 million euros determined from the acquisition and integration in the company of the activities of containerized marine transport of Chilean CSAV ( on 22 December 2014). The revenues are piled to 6,81 billion euros, in increase of +3.7% on 2013. The EBITDA has been pairs to 98,9 million euros (- 74.6%) and the EBIT has been of sign negative for -382,8 million euros respect to a positive EBIT for 63,7 million euros in 2013.
In the 2014 fleet of the German company it has transported cargo volumes pairs to 5,9 million container teu, with a progression of +7.5% regarding the year precedence. The medium hire for teu has turned out pairs to 1.434 dollars (- 3.2%).
"In terms of results - it has observed the managing director of Hapag-Lloyd, Rolf Habben Jansen - 2014 have been without a doubt a extremely unsatisfactory year. Meanwhile, but, the success of the fusion with CSAV has returned it also an absolutely important and only year for Hapag-Lloyd. Now - Habben has explained - we are very more competitive and ready for the future, to which we look with optimism".
Remembering that the fusion will produce to annual savings pairs at least 300 million dollars, Habben has specified that "integration of the activity of the container of the CSAV is on in the previewed times. We - he has added - have already known to put to we yield the first synergies, with many projects that currently are in development. Besides integration, we have started an immense series of other measures from which we attend a substantial improvement of the profits". "The fusion with CSAV - it has concluded - marks the opening of a new chapter in the 168 history years of Hapag-Lloyd. Now we look innanzi and we concentrate on the return of Hapag-Lloyd to the profit and the attainment of clearly positive an operating result in 2015".
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The shipowning company German Hapag-Lloyd has closed the exercise anniversary 2014 with a net loss of -603,7 million euros respect to a net loss of -97,4 million euros in 2013. Turned out Sul final last year weighs mainly extraordinary the operating costs for 111,6 million euros determined from the acquisition and integration in the company of the activities of containerized marine transport of Chilean CSAV 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
