- The fourth-quarter (Q4) and annual numbers released by market leader AP Møller-Mærsk (APMM) and smaller rival Hapag-Lloyd shows container shipping results were good last year.
- Hapag Llyod’s Q4 ’19 performance was softer than between Q1 ’19 and Q3 ’19.
The market analysis of APMM & Hapag-Lloyd versus CMA CGM is nothing but apples and oranges, writes Alessandro Pasetti for The Loadstar.
Container shipping ratings
Last year container shipping results were good, judging by the fourth-quarter (Q4) and annual numbers released by market leader AP Møller-Mærsk (APMM) and smaller rival Hapag-Lloyd last week.
Despite soft revenues and reported net losses, the Danes generated over $500m in net earnings from continuing operations.
Although Hapag’s Q4 ’19 performance was softer than between Q1 ’19 and Q3 ’19, when the smaller of the two carriers reports its 2019 annual report … Read more
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Source: Loadstar
