Hapag-Lloyd has achieved its earnings targets for 2015, with Q4 seeing a significant improvement in its operating result versus the year prior.
Based on the preliminary unaudited figures, Hapag-Lloyd increased operating earnings before interest, taxes, depreciation of intangible and fixed assets (EBITDA) to more than US$914 million and an operating result (EBIT) of more than $402 million in 2015.
Hapag Lloyd’s revenue increased in 2015 to more than $9.6 billion, compared to more than $7.4 billion in 2014.
This result is a big improvement when analysed in line with current market conditions, which have recently been turbulent due to overcapacity and the slump in global freight rates.
The significant increase in Hapag Lloyd’s revenue was primarily attributable to the merger with CSAV’s container business in December, 2014.
Its transport volumes rose to around 7.4 million TEU in 2015, which is 1.5 billion higher than in 2014.
The final full year 2015 group accounts and the annual report for 2015 will be published on March 23, 2016.
Hapag’s most recent development was with carrier-based vessel stowage and collaboration company XVELA, in which HApag Lloyd was the first carrier to enter into a pilot programme for its cloud-based collaboration and information sharing solution.