The average freight rate during H1 was $1,071 per teu, versus $1,020 the previous year, which helped to compensate for an 11% jump in fuel prices, to an average of $429 per ton.The carrier also reduced its costs for handling and haulage by 18% on the previous year, as “less profitable inland business was actively reduced”.Mr Habben Jansen said the outlook for the full-year remained “unchanged”, with an ebit (earnings before interest & tax) range of €500m–€900m – “even if we have to deal with more trade restrictions and see increasing geopolitical risk, which of course could impact growth”.But Mr Habben Jansen said: “We don’t see any signs that the market is falling apart. Instead, we see a market that is reasonably stable.“We still expect a peak season, although it is a little late to start, but from our forward booking prospects we see no reason to be extraordinarily concerned about that.”He reiterated the carrier’s strategy to focus on profitable routes and gave the example of its reduced exposure to the intra-Asia market, where, he said, “we simply could not make money”.Hapag-Lloyd, ONE and Yang Ming will be joined in THE Alliance by HMM on 1 April next year, in a 10-year vessel sharing agreement. It was confirmed that the South Korean carrier’s 12 23,000 scrubber-fitted newbuild vessels will be immediately deployed on the Asia-North Europe tradelane.With the inclusion of HMM, THE Alliance’s market share on Asia-Europe will increase to 25%, behind the 36% of the Ocean Alliance and the 39% of the 2M. However, on the transpacific, THE Alliance will have 30% of the market, second to the 41% dominance of Ocean, but above the 2M’s 20% and the 9% covered by “others”, such as Matson.Mr Habben Jansen dismissed media reports that Hapag-Lloyd was about to confirm an order for six 23,000 teu ULCVs, saying the company had “no plans” to order any ships this year – but he but did not rule out placing orders in 2020.Hapag-Lloyd has agreed IMO 2020 low-sulphur fuel long-term contracts with its customers, but will only agree surcharges for spot rate and three-month contracts in Q4.Mr Habben Jansen said the carrier was confident there would be a sufficient supply of compliant fuel at its main bunkering hubs of Rotterdam and Singapore. Hapag-Lloyd produced a net profit of $56m in the second quarter, resulting in a half-year result of $165m, a turnaround from the $122m loss recorded in the same period of 2018.“It was a pretty good half-year,” reflected chief executive Rolf Habben Jansen (pictured) during this morning’s earnings call presentation.“Rates were up 5%, volumes up 2% and we kept our costs stable,” he added, “but clearly there are some clouds on the horizon.”Hapag-Lloyd carried 5,966,000 teu in H1, compared with 5,848,000 the year before, driven by healthy growth across its Atlantic, EMAO (Europe, Med, Africa & Oceania), Far East and Latin America sectors, which mitigated a weakening of liftings on the intra-Asia and Middle East regions. By Mike Wackett 07/08/2019
AddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to LinkedInLinkedInLinkedInPolice Scotland issued a video message this morning (14/04/17) in regards to the alleged Sexual attack of a young man on Brooms road, Dumfries last weekend.The Statement said “Following an extensive investigation we are now satisfied that no criminality has taken place. We are no longer looking for anyone in relation to this incident.”See the full video statement by clicking HERED&G Police also stated on their Facebook today “We would encourage you to share this post as the initial allegation was shared widely and understandably worried the public. This post should reassure our community they can continue to go about their business as normal.”
Premier League looks to broadcast every behind-closed-door fixture August 28, 2020 Swansea City drops gambling sponsor August 21, 2020 StumbleUpon Share Spotlight ups matchday commentary reach and capacity for new EPL Season August 21, 2020 Share Submit Related Articles Home-field Advantage: Swansea City v Aston VillaKubanaBob is an experienced Premiere League tipster, having been featured here on SBC three times. This time he’s pitching Swansea to win at 67/100 (1.67) odds with Bet365. He’s very confident with this one, pointing back to Swansea’s persistent performance against Bournemouth.They lost that match, but were consistently fighting to get back whenever they were down. Comparatively, KubanaBob says that, based on their last couple of matches, Aston Villa aren’t up for the fight. Looking at their crumbling performance against Man City, Villa and their supporters seem to have given up on this campaign.Confidence Stake: 9/10Victory on the Road: Crystal Palace v LeicesterTipster alphabeta is betting on the Leicester Cinderella story to gain an away victory. Furthermore, Crystal Palace have lost 6 of their last home games, and haven’t had a win in their last 6 games either. Although Palace have taken down bigger competition, which is why the odds are quite lengthy at 153/100 (2.53) with Matchbook, the drive of Leicester compared to Palace’s record makes alphabeta (who currently has an impressive 75.00% win rate on bettingexpert) confident in his tip this week.Confidence Stake: 9/10The Value Angle: Newcastle United v SunderlandHere comes a riskier bet with a much higher reward. Tipster JosefBloch is predicting more than 3.50 goals to happen in this match at 5/2 (4.10) odds with BetVictor. JosefBloch is basing this tip on Newcastle now gunning for a victory in order to qualify.Likewise, Sunderland are in a position where they could be relegated based on this performance, so hopefully it will yield a goal fest of a match. With over 425 tips in this league, our tipster knows the lay of the land in the Premier League, but he admits that this could be a risk taking bet to make.Confidence Stake: 6/10For more tips on this weekend’s football matches, check out bettingexpert.com.