Hapag-Lloyd has concluded the first trimester with a net loss of -62,1 million euros


In the first trimester of this year the revenues of the company of German navigation Hapag-Lloyd have grown of +10.7% being piled to 2,13 billion euros regarding 1,92 billion euros in the first three months of 2016. The rise is determined mainly by the increase of the transported containerized cargo volumes from the fleet of the company that have been pairs to beyond 1,9 million teu (+6.8%), of which 389 thousand teu transported on the routes ocean-going liners (+3.5%), 386 thousand teu on those transpacifiche (+11.2%), 215 thousand teu from the services with the Far East (+2.0%), 123 thousand teu from the services with Middle East (+13.3%), 552 thousand teu on the routes with Latin America (+3.0%), 152 thousand teu on the routes intra-Asians (+16.9%) and 117 thousand teu from the services with the Europe-Mediterranean, Africa and Oceania (+14.7%).

the positive effect of the increase of the transported volumes is counterbalanced by the bending of the -1,9% of the hires, with a medium hire who has turned out pairs to 1.047 dollars/teu regarding 1.067 dollars/teu in the first trimester last year. In particular, relative the medium hire to the routes ocean-going liners has turned out of 1.293 dollars/teu (- 6.4%), that of the transpacifiche routes to 1.218 dollars/teu (- 9.8%), the medium hire of the services with the Far East to 897 dollars/teu (+13.1%) and those of the services with the Middle East to 791 dollars/teu (+12.8%), with the Latin America to 1.017 dollars/teu (+5.8%), of the services intra-asiati us to 539 dollars/teu (- 6.7%) and of the services with Mediterranean Europe/, Africa and Oceania to 1.009 dollars/teu (- 6.5%).

a decided impact negative has had also the increase of the price of the fuel. In the first three months of the 2017 fleet of Hapag-Lloyd it has consumed approximately 803 thousand tons of fuel regarding 821 thousand in the correspondent period of 2016. The average price of Marine Fuel Oil in the first trimester of this year has turned out pairs to 300 dollars/ton, with an increment of +69% regarding 178 dollars/ton in the first trimester of 2016.

Altogether in the first trimester of the 2017 medium shipping charges for a container from 20 ' (teu) has turned out pairs to 985 dollars (+1.6%).

Hapag-Lloyd has closed the first trimester of this year with an EBITDA pairs to 131,3 million euros (+6.4%), with a EBIT of 3,5 million euros (- 27.1%) and with a net loss of -62,1 million euros respect to a net loss of -42,8 million euros in the first three months of 2016.

"In the first trimester - the managing director of the Hapag-Lloyd has commented, Rolf Habben - our activities have been focused on arrangements for the fusion with the UASC and on the launch of our new alliance". The German company has in fact in course the acquisition of the United Arab Shipping Company (UASC) and a year it makes has constituted shipowning grouping THE Alliance with the Japanese Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) and to the taiwanese Yang Ming, alliance to which would have joined also the UASC successively, than now will melt with Hapag-Lloyd, and that it had between the founders also the South Korean company Hanjin Shipping that successively is failed. The operating start of the THE Alliance has happened slid 1° the April with the new net of services of line proposed from the alliance (inforMARE of 13 May and 18 9 July 2016 and March 2017).

"the launch of the THE Alliance - it has emphasized Rolf Habben - has gone well and the fusion with the UASC will be capacity to term shortly (is previewed within the May end, ndr). After the completion of the operation, our priority will be that to quickly integrate the UASC in the Hapag-Lloyd and to realize the first synergies thanks to the fusion". Hapag-Lloyd has remembered that by the fusion with the UASC pairs to 435 million dollars are attended annual savings beginning from 2019 and that a quota consisting of such savings already will be realized in 2018.