Skip to main content

Hapag-Lloyd hit by weak market in 2013









CONTAINER: 


Continued heavy competition in the container market along with a slower growth hit Hapag-Lloyd in 2013, says Chairman Michael Behrendt. The carrier noted a declining revenue and a total deficit of EUR 97.4 million last year.





BY KATRINE GRØNVALD RAUN AND RITZAU FINANS
Published 26.03.14 at 10:07








The Chairman of German Hapag-Lloyd, Michael Behrendt, is far from satisfied with the container carrier's performance in the past year. 



Hapag-Lloyd was hit by a declining revenue and a total deficit of EUR 97.4 million in 2013, according to the company's annual report, published on Wednesday.





Revenue came to EUR 6.57 billion, compared to EUR 6.84 billion in 2012, while the deficit of almost EUR 100 million marks an improvement over 2012, which finished with a deficit EUR 128.3 million. 





The result was caused by the heavy competition on the routes, among other factors, says Michael Behrendt in the annual report:


"The rates across all trades were equally affected by aggressive competition last year and therefore under pressure. As early as the second quarter, it was no longer possible to push through rate increases in the market sustainably,"
he says.










"As one of many market players, Hapag-Lloyd is unable to avoid the general trend in rates. As a result, business performance in 2013 was well below the original expectations. Despite continued attempts to increase transport prices, Hapag-Lloyd's average freight rate fell by more than 6 percent year-on-year to USD 1,482 per teu. This is insufficient in view of the persistently high fuel costs and is completely unsatisfactory."












The heavy competition was not the only factor impacting the carrier's finances. Even though capacity utilization reached a sound level, the important peak season did not reach its usual heights, which according to the carrier was caused by a slower economic growth than predicted in emerging economies. Especially the key BRIC nations (Brazil, Russia, India, China), where the economic growth rates decreased compared to 2012.








Read the entire annual report here






However, the carrier achieved a positive operation result (EBITDA) of EUR 67.2 million, corresponding to a EUR 41 million improvement over the year before.




Hapag-Lloyd's freight volumes increased by 4.6 percent, to around 5.5 million teu. The company's average freight rate in 2013 came to 1482 per teu.





The German carrier expects a 4.4 percent growth in container traffic in 2014 and 5.2 percent in 2015.





Hapag-Lloyd has for several months been working toward a merger with Chilean CSAV, and on Friday last week 84.5 percent of the shareholders approved the planned merger.




 This move will benefit the companies on the trades from Europe to South America, according to several analysts, which could constitute a challenge to German Hamburg Süd, the carrier that was originally set to merge with Hapag-Lloyd before the negotiations collapsed in 2013.














http://shippingwatch.com/carriers/Container/article6588739

Popular posts from this blog

THE MOST SOUGHT AFTER MANGOES IN THE WORLD ....

While "Flavor" is very subjective, and each country that grows mangoes is very nationalistic, these are the mango varieties that are the most sought after around the world because of sweetnesss (Brix) and demand.

The Chaunsa has a Brix rating in the 22 degree level which is unheard of!
Carabao claims to be the sweetest mango in the world and was able to register this in the Guiness book of world records.
Perhaps it is time for a GLOBAL taste test ???





In alphabetical order by Country....










India




Alphonso





Alphonso (mango)
From Wikipedia, the free encyclopedia








Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 


It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

 It is in season April through May and the fruit wei…

Mangoes date back 65 million years according to research ...

Experts at the Birbal Sahni Institute of Palaeobotany (BSIP) here have traced the origin of mango to the hills of Meghalaya, India from a 65 million year-old fossil of a mango leaf. 





The earlier fossil records of mango (Mangifera indica) from the Northeast and elsewhere were 25 to 30 million years old. The 'carbonized leaf fossil' from Damalgiri area of Meghalaya hills, believed to be a mango tree from the peninsular India, was found by Dr R. C. Mehrotra, senior scientist, BSIP and his colleagues. 




After careful analysis of the fossil of the mango leaf and leaves of modern plants, the BISP scientist found many of the fossil leaf characters to be similar to mangifera.


An extensive study of the anatomy and morphology of several modern-day species of the genus mangifera with the fossil samples had reinforced the concept that its centre of origin is Northeast India, from where it spread into neighbouring areas, says Dr. Mehrotra. 




The genus is believed to have disseminated into neighb…

DHL (INDIA) makes gifting mangoes as easy as 1-2-3-....

Gifting mangoes is now easy with DHL
Announcement / Corporate


 May 19, 2011, 14:04 IST





Come this summer pamper your loved ones abroad with a box of delicious mangoes through DHL’s Express Easy Mango service, a unique one-stop-shop and hassle-free service for gifting mangoes all across the world.






This unique service by DHL Express, the world’s leading express company, allows customers to send mangoes from India across the world to the following countries Belgium, Canada, Czech Republic, Germany, Greece, Hungary, Hong Kong, Italy, Luxemburg, Maldives, Netherlands, Norway, Oman, Qatar Singapore, Switzerland and Sweden.





Mangoes can be availed of free of cost by merely paying for the Air Express service. In addition, DHL Express assists customers with the necessary paperwork along with procurement of quality-grade Alphonso mangoes.





Commenting on the new service, Mr. R.S Subramanian, Country Head, DHL Express India said: “With the advent of the mango season, it is no wonder that DHL Express Ea…