Hapag-Lloyd expecting ‘extraordinarily’ strong 2021 operating results


German shipping line Hapag-Lloyd has published its “extraordinarily strong” preliminary figures for its 2021 operating results.

The company’s EBITDA for the financial year increased to more than $12.8 billion, while EBIT also rose to roughly $11.1 billion.

These strong financial results are said to be driven by significantly increased freight rates resulting from a very strong demand for goods exported from Asia. This was influenced heavily by the COVID-19 pandemic.

Furthermore, major disruptions in the global supply chains caused by this mass surge in demand also led to a significant increase in transport expenses.


Revenues increased to roughly $26.4 billion from just $14.6 billion in 2020. This is said to be due to a higher average freight rate of 2,003 USD/TEU.

Transport volumes remained at a steady level, reaching 11.9 million TEU from 11.8 million TEU the previous year.

Hapag-Lloyd will publish its final 2021 Annual Report with the final financial figures with an outlook for the current financial year on 10 March 2022.

The company also has a branded train now travelling through Canada after its partner Canadian Pacific repainted one of its locomotives with the shipping line’s colours and logo.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.