• 2017 February 28 13:55

    Hapag-Lloyd reports operating profit in 2016

    Hapag-Lloyd says it achieved a positive operating result (EBIT) for 2016. Based on the preliminary unaudited figures earnings before interest, taxes, depreciation of intangible and fixed assets (EBITDA) reached EUR 607 million (2015: EUR 831.0 million) and the operating result (EBIT) EUR 126 million (2015: EUR 366.4 million) in 2016. The EBITDA margin is 7.9%. In the 4th Quarter Hapag-Lloyd was able to increase EBITDA compared to 4th Quarter of the previous year to EUR 226 million (Q4 2015: EUR 140.4 million) and EBIT to EUR 100 million (Q4 2015: EUR 17.8 million).

    Due to a significantly lower average freight rate in 2016 of 1,036 USD/TEU (2015: 1,225 USD/TEU) revenue decreased to EUR 7.7 billion (2015: EUR 8.8 billion). At the same time, Hapag-Lloyd increased the transport volume by 2.7% to 7.6 million TEU (2015: 7.4 million TEU). Transport costs declined by 12.3% to EUR 6.4 billion (2015: EUR 7.3 billion) mainly driven by a lower average bunker consumption price of USD 210/tonne (2015: USD 312/tonne) as well as synergies from the integration of CSAV’s container shipping business and cost saving programs including improved fuel efficiency. The average USD/EUR exchange rate remained nearly stable at 1.10 USD/EUR compared to 1.11 USD/EUR in 2015.

    As at the 31 December 2016 financial year-end date, Hapag-Lloyd had EUR 5.1 billion (2015: EUR 5.0 billion) in equity and a liquidity reserve (cash, cash equivalents and unused credit facilities) of EUR 760 million (2015: EUR 962.4 million). Net debt amounted to EUR 3,592 million (2015: EUR 3,334 million). 

    All results are preliminary. The final full year 2016 group financial statements and the annual report 2016 will be published on 24 March 2017.

    Summary of Hapag-Lloyd Key Figures

    Preliminary and unaudited 2016 results (in EUR)

    2016

    2015

    Transport volume (TTEU)

    7,599

    7,401

    Freight rate (USD/TEU)

    1,036

    1,225

    Revenue (million EUR)

    7,734

    8,842

    EBITDA (million EUR)

    607

    831.0

    EBIT (million EUR)

    126

    366.4

    EBITDA margin

    7.9%

    9.4%

    EBIT margin

    1.6%

    4.1%

    Preliminary and unaudited 2016 results (in USD)

    2016

    2015

    Revenue (million USD)

    8,546

    9,814

    EBITDA (million USD)

    671

    922.4

    EBIT (million USD)

    140

    406.7

    Annual average exchange rate USD/EUR

    1.10

    1.11

    Year-end exchange rate USD/EUR

    1.06

    1.09




2021 January 20

10:12 Cryogas-Vysotsk reaches LNG milestone of one million tons
09:51 Crude oil prices rise on optimism driven by economy support
09:33 Bunker market sees mixed price movements at the Port of Saint-Petersburg, Russia (graph)
09:16 Baltic Dry Index as of January 19

2021 January 19

18:05 Wärtsilä signs a 5-year long-term service agreement with leading Chinese dredging company
17:44 Ventspils Universal Cargo Terminal maintains stable cargo turnover
17:25 CMA CGM announces FAK rates from the Middle East Gulf to North Europe and the Mediterranean
17:00 Annual German Maritime Forum to be held as a digital event on 28 January 2021
16:35 Austal launches VOLTA series of electric-powered high speed ferries
16:15 Market leader in bioplastics chooses port of Rotterdam
15:58 Zvezda starts building second LNG tanker of new ARC 7 class series
15:42 MES-S completes delivery of 87,000 dwt type bulk carrier to OCEAN JADE
15:11 ABS-Classed Suezmax is world’s first ammonia ready vessel
14:41 7th Port Planning & Development Asia Summit to be held live online on 2-5 March 2021
14:20 Alfa Laval joins forces with marine industry players to accelerate decarbonization
14:19 Throughput of port Kavkaz in 2020 rose by 13% Y-o-Y
13:56 Infocus International to hold online course on LNG business in 2021
13:18 Szczecin-Świnoujście Port complex reports on cargo handling in 2020
12:55 Russian Fishery Company demonstrated high results in 2020
12:23 RF Navy’s frigate "Admiral of the Fleet Kasatonov" makes business call at port city of Algeria
12:00 Samskip to start new container service between Amsterdam and Dublin
11:49 Beloomut hydrosystem to begin operation in April 2021
11:04 Over 10,000 frontline maritime personnel to receive COVID-19 vaccinations by end January
10:51 MABUX: Bunker market this morning, Jan 19, 2021
10:46 Costa Toscana floated out at Meyer Turku shipyard
10:20 DP World Antwerp Gateway orders fleet of Automated Stacking Cranes from Konecranes
10:12 BPA: Vaccine prioritisation needed for the unsung heroes of the UK ports sector
09:34 GTT receives its first order of 2021, from a SHI for the tank design of a new LNG carrier
09:27 Oil market sees mixed price movements
09:09 Baltic Dry Index as of January 18

2021 January 18

18:56 CMA CGM applies Local Port Charges for USA imports/export
18:26 The Valencia Containerised Freight Index rises 4.19% in December 2020
18:06 71 vessels were repaired at the “Bibiheybat” Ship Repair Yard in 2020
17:45 Klaipeda State Seaport Authority signs contract for shipping canal dredging
17:26 Hanseaticsoft’s Cloud Fleet Manager endorsed by Singapore government to help shipping companies accelerate their digitisation
17:16 Busan Por secures logistics base in Indonesia
16:47 SCF’s LNG carrier Christophe de Margerie completed her eastbound voyage carrying cargo of LNG along NSR
16:43 Port of Antwerp container throughput up 1.3% in 2020
16:25 Hamina in Finland becomes new partner in Baltic cruise network
16:15 Singapore to vaccinate over 10,000 frontline maritime personnel by end January
15:50 Average spot market price for Russian M100 product climbed to RUB 18,290 pmt
15:29 The Great Lakes Towing Company names latest Damen Stan Tug 1907 ICE harbour tugs
14:59 Russia’s first Aframax tanker Vladimir Monomakh leaves for its first voyage
14:36 NOVATEK reports preliminary operating data for 2020
14:13 Niestern Sander announces successful transportation of EasyMax from shipyard to the port
13:51 Container throughput of port Shanghai (China) in 2020 declined by 0.5%
13:32 Throughput of Taganrog port in 2020 climbed by 4%
13:15 Kim Heng and Hunghua sign memorandum of understanding in relation to 2 units of 250 feet crane barges
13:00 Throughput of Russian seaports in 2020 declined by 2.3% (detalization)
12:24 Container throughput of Hong Kong port (China) in 2020 fell by 1.9%
12:01 The port of Amsterdam experiences a decrease in transhipment in 2020 due to energy transition and coronavirus   
11:37 Tuapse Sea Commercial Port increased its throughput by 6% in 2020
11:15 SEACOR Marine completes sale of windfarm support business
11:05 Big Port St. Petersburg marks 60th anniversary of icebreaker assistance
10:43 Port of Long Beach moves a record 8.1 million TEUs in 2020
10:29 MABUX: Bunker market this morning, Jan 18, 2021
10:13 BPA: Government must act immediately on seafood exports
09:50 Throughput of Murmansk Sea Fishing Port in 2020 fell by 16.8% YoY
09:28 Crude oil prices decrease amid demand/supply concerns
09:11 Baltic Dry Index as of January 15