- H1 EBITDA of $3.8B
- Transport volumes declined 3.4% YoY
- Risk factors at the bottom of the article
Hapag-Lloyd achieves robust half-year results in a weaker market environment | Hellenic Shipping News Worldwide
If one owns GSL shares, developments @ Hapag Lloyd have a bearing as GSL begins to see a significant revenue ramp-up from Hapag Lloyd starting in H2 2023 (Six midsize vessels start their charters in the next 3 - 9 months).
Oops! I thought I was posting on the Shipping board.
I should note that Hapag Lloyd has had a terrible 1-year performance. But, on a longer time horizon, say 5-years or longer, the company has performed quite well. Hapag Lloyd has an interesting and varied shareholder base
- German holding entity Kuhne 30%
- Chilean stock CSAV 30%
- City of Hamburg 13.9%
- Wealth Funds of Qatar 12.3%
- Wealth Fund of Saudi Arabia 10.2%
leaving the free float a small 3.6%