Hapag-Lloyd records a worsening of the quarterly results



The company of German navigation Hapag-Lloyd has closed in loss relative the economic accounts to according to trimester and the first trimester of this year, results negatives that are determined essentially by an increase of the costs of the activities of marine transport realized by the company let alone by the effect of the acquisition of the Middle Eastern company United Arab Shipping Company (UASC), than on May 24, 2017 it has entered to take part of the perimeter of consolidation of the Hapag-Lloyd group(on 24 May 2017).

In the first six months of the 2018 fleet of portacontainer of Hapag-Lloyd, that it was constituted by 226 ships (of which 98 of property) regarding 219 (112) in the same period of 2017, has transported cargo volumes pairs to 5,85 million teu, with an increment of +38.5% regarding the first half of the 2017 that is produced mainly of the acquisition of the UASC. Confronting the transported total of the container in the first semester of this year with that of the first half of the 2017 included the volumes transported in the period 1° January - 30 june the 2017 from the UASC increase turns out to be of +3.9%.

In the first six months of this year on the sun broken with Far East +94.4% are transported 1,04 million teu (, with the UASC from on May 24, 2017). On the routes with the Latin America the total has been of 1,35 million teu (+16.2%). The transpacifici services have transported 939 thousand teu (+19.0%) and those ocean-going liners 914 thousand teu (+11.7%). On the routes with the Middle East +131.3%) and on those intra-Asians 524 thousand teu (+55.0% are transported 754 thousand teu (). The services with Europe, the Mediterranean, Africa and Oceania have transported 321 thousand teu (+28.4%).

In the first half of the 2018 revenues of the Hapag-Lloyd they are piled to 5,42 billion euros, with an increase of +20.1% regarding 4,52 billion euros in the same period of 2017, increase that has benefitted of the contribution of the volume of transactions of the UASC that however is counterbalanced by the important weakening of the dollar (the increment of the revenues rectified having taken into consideration the variations of the exchange rates turns out to be of +30.5%). The revenues generated from the services with Far East have turned out pairs to 762,1 million euros (+61.8%) and those producing from the services with the Latin America to 1,24 billion euros (+10.4%). The revenues of the transpacifici services and ocean-going liners have attested respective to 952,6 million euros (+5.9%) and 979,5 million euros (+0.6%). The revenues of the services with the Middle East have totaled 482,6 million euros (+80.0%), those intra-asiati us 221,7 million euros (+23.2%) and those with Europe, the Mediterranean, Africa and Oceania 286,2 million euros (+20.2%).

In the first half of this year the EBITDA and the EBIT recorded from the Hapag-Lloyd group have turned out pairs respective to 425,2 million euros (+16.9%) and 88,7 million euros (- 2.2%). The period has been archived item with a net loss of -100,9 million euros respect to a net loss of -42,7 million euros in the first semester of 2017.

"The first half of 2018 - the managing director of the Hapag-Lloyd has commented, Rolf Habben Jansen - is marked by an important increase of the costs of the fuel, by elevated rates of chartering more and a rise of the hires slower regarding the waits. In order to answer to this we have adopted ulterior measures in order to recover these costs: we are analyzing critically the economic sustainability of our system of management of the fleet and optimizing ours ulteriorly contracts with the terminals in order to diminish the pressure of the costs".

In the second solo trimester of this Hapag-Lloyd year has recorded revenues pairs to 2,81 billion euros, with an increase of +17.7% on the correspondent period of 2017. The EBITDA has turned out pairs to 205,8 million euros (- 9.9%) and the operating profit to 35,0 million euros (- 57.9%). The German company has closed the period April-june of the 2018 with a net loss of -66,6 million euros respect to a profit clearly of 15,4 million euros in according to trimester last year.

In according to trimester of this year transported containerized volumes from the fleet they are piled to 2,99 million teu (+30.6%). The medium hire for transported container teu has turned out pairs to 1.010 dollars regarding 1.072 dollars/teu in according to trimester of 2017.

About the perspectives for the next months, Habben Jansen has asserted that "for the remaining part of the year we catch a glimpse a slow but constant improvement of the situation of the market, but - it has specified - recognizes that they are you anticipate still meaningful uncertainties from the geopolitical point of view that could influence the market".