Hapag-Lloyd raises earnings outlook for 2024
NewsHapag-Lloyd has raised its earnings outlook for 2024, driven by stronger-than-expected demand and improved freight rates despite rising operational costs.
Chinese container manufacturing companies have experienced something of a Q4 2016 surge in orders, with many factories likely to be busy until the Chinese New Year in late January. In the past few weeks, sizeable orders have been placed by ocean carriers, including China Cosco Shipping Corp, OOCL, MSC and Hapag-Lloyd. Several executives close to the industry believe the backlog could amount to 500,000+ TEU.
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