{"id":25598,"date":"2021-02-17T07:56:51","date_gmt":"2021-02-17T04:56:51","guid":{"rendered":"https:\/\/www.al-sindbad.net\/hapag-lloyd-expects-q1-operating-profit-to-more-than-triple\/25598\/"},"modified":"2021-02-17T07:56:51","modified_gmt":"2021-02-17T04:56:51","slug":"hapag-lloyd-expects-q1-operating-profit-to-more-than-triple","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/hapag-lloyd-expects-q1-operating-profit-to-more-than-triple\/25598\/","title":{"rendered":"Hapag-Lloyd Expects Q1 Operating Profit to More Than Triple"},"content":{"rendered":"<p><\/p>\n<p>Germany&#8217;s Hapag-Lloyd sees its first-quarter operating profit more than tripling to at least 1.5 billion euros ($1.81 billion) thanks to strong demand for container transportation amid the coronavirus pandemic, it said on Tuesday.<\/p>\n<p><\/p>\n<p>The company expects demand for seaborne shipments normalizing over the course of the year.<\/p>\n<p><\/p>\n<p>&#8220;We are still seeing slower container turn times, significant congestion in ports around the globe, capacity constraints in rail and truck, and the risks of the coronavirus pandemic remain,&#8221; Chief Executive Rolf Habben said.<\/p>\n<p><\/p>\n<p>Earnings before interest, tax, depreciation and amortization (EBITDA) for the year as a whole should nonetheless &#8220;clearly surpass&#8221; the 2020 level, which stood around 2.7 billion euros.<\/p>\n<p><\/p>\n<p><\/p>\n<p><\/p>\n<p><em>($1 = 0.8265 euros)<\/em><\/p>\n<p><\/p>\n<p><em>(Reporting by Kirsti Knolle; Editing by Maria Sheahan)<\/em><\/p>\n<p>maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany&#8217;s Hapag-Lloyd sees its first-quarter operating profit more than tripling to at least 1.5 billion euros ($1.81 billion) thanks to strong demand for container transportation amid the coronavirus pandemic, it said on Tuesday. The company expects demand for seaborne shipments normalizing over the course of the year. &#8220;We are still seeing slower container turn times, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":25599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[1311,1230,1604,3543,1595],"class_list":["post-25598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-expects","tag-hapaglloyd","tag-operating","tag-profit","tag-triple"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/25598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=25598"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/25598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/25599"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=25598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=25598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=25598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}