Hapag-Lloyd Avoids Forecast Amid Coronavirus Uncertainty

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    Greensea Systems
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    Reuters

    RANKFURT, March 18 (Reuters) – German container shipper Hapag-Lloyd said on Thursday it almost tripled its net result in 2020 due to lower costs and higher freight rates, but shied away from specifying 2021 results due to uncertainty in the coronavirus crisis.

    The net result in 2020 amounted to 935 million euros ($1.12 billion) compared with 373 million euros in 2019 after revenue rose 3% and freight rates increased 4%, it said in a statement.

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