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Hapag-Lloyd raises annual outlook on strong demand, freight rates

Hapag-Lloyd raises annual outlook on strong demand, freight rates

- German shipping firm Hapag-Lloyd HLAG.DE on Monday raised its outlook for the financial year, citing strong market demand and positive freight rate developments.

Hapag-Lloyd said it now expects earnings before interest, tax, depreciation and amortisation (EBITDA) for the full year to be in the range of $2.7 billion to $3.7 billion, up from its previous forecast of $1.1 billion to $3.1 billion.


(Reporting by Gursimran Kaur in Bengaluru; Editing by Tasim Zahid)

((GursimranKaur.Mehar@thomsonreuters.com;))

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