Hapag-Lloyd has raised its earning guidance for 2020 by 6.0% at the EBITDA mid point as the container line has found that “market demand for container capacities has continued to be surprisingly strong”. That marks a second upgrade in three months but may be due more to the surge in shipping rates and global freight than increased volumes shipped in the Americas region. Panjiva’s data shows that Brazilian imports handled by Hapag-Lloyd declined by 4.6% year over year in October while shipments to the U.S. rose by 6.4% in October but dipped 2.2% lower in November. The...
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