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Hapag-Lloyd acquires 49% minority stake; terminal portfolio expanded

Significant focus is infra investment, which we are using to expand our terminal portfolio: CEO Rolf Habben Jansen

Acquires 10 terminals in six countries; presence strengthened in Latin America and terminal business.

Uncertainties remain due to war in Ukraine, ongoing disruptions in supply chains and Covid-19 pandemic.

Caveat: Hapag-Lloyd’s operational performance in relation to their equipment is taken as a proxy for the entire market.

Q1 revenue at $9bn and EBITDA of $5.3bn on 84% increase in average freight rate to $2,774/TEU and strong dollar.

Devices can supply location data based on GPS, measure temperature and monitor sudden shocks to containers.