Hapag-Lloyd enjoyed extraordinary revenue and profit last year (2021), thanks to slightly increasing volume and fantastic increase of average freight rate revenue.
Hapag-Lloyd 2021 unaudited financial figures show that this shipping line’s EBITDA (earnings before interest, taxes, depreciation and amortisation) for the 2021 financial year increased to more than USD 12.8 billion, while EBIT (earnings before interest and taxes) rose to roughly USD 11.1 billion.
The main drivers of these positive business developments have been significantly improved freight rates resulting from very strong demand for goods exported from Asia. At the same time, the major disruptions in global supply chains have led to a significant increase in transport expenses.
Revenues increased to roughly USD 26.4 billion (approximately EUR 22.3 billion). This can mainly be attributed to a higher average freight rate of 2,003 USD/TEU (2020: 1,115 USD/TEU). Transport volumes were roughly on a par with the prior-year level, at 11.9 million TEU (2020: 11.8 million TEU), due to the strained supply chains.
With a fleet of 257 modern container ships and a total transport capacity of 1.8 million TEU, Hapag-Lloyd is one of the world’s leading liner shipping companies.
Hapag-Lloyd will publish its 2021 Annual Report with the audited financial figures and an outlook for the current financial year on 10 March 2022.
Source: hapag-lloyd.com