First half of 2020 ends on positive note for Hapag-Lloyd

Hapag-Lloyd has recorded good half year results despite a decline in transport volume and remaining uncertainties surrounding the COVID-19 pandemic.

Although transport volumes fell 4%, down to roughly 5.8m teu in 2020 from 5.9m in the first half of 2019, Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) increased year-on-year to US$1.29bn.

Group profit improved from the US$285m recorded in the first half of last year to reach US$563m in the same period this year.