From gCaptain:
German container shipping group Hapag-Lloyd has raised its earnings forecast on a better-than-expected fourth quarter.
The company said it now expects EBITDA of EUR 2.6 to 2.7 billion (up from EUR 2.4 to 2.6 billion) and EBIT of EUR 1.25 to 1.35 billion (up from EUR 1.1 to 1.3 billion).
Commenting on the upgraded forecast, Hapag-Lloyd CEO Rolf Habben Jansen commented:
“In the fourth quarter, as well, market demand for container capacities has continued to be surprisingly strong and today we are deploying every available ship....MORE
