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27 May 2020 The on-line newspaper devoted to the world of transports 05:02 GMT+2

November 21, 2018

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Original news
Hapag-Lloyd considers that the phase of consolidation between the top is ended player of the containerized marine transport

For the company, the field has reached to a carried out point of

According to the Hapag-Lloyd German, the field of the containerized marine transport has reached to a carried out point of. For the company of Germanic navigation, that it is fifth of this market world-wise as for ability to the fleet, in fact the phase of consolidation has been concluded in existence during the last few years that it has involved the same Hapag-Lloyd, that has put into effect fusions with South American CSAV and the Middle Eastern UASC. In occasion of the today's presentation to the investor in the within of the Capital Markets Day, the company of Amburgo has evidenced that the same Hapag-Lloyd is two times larger than was in 2014 in terms of cargo ability of own fleet, than before the fusion with the Chilean company was constituted by 144 ships for an ability of hold pairs to 800 thousand teu and today it is formed by 222 portacontainer (of which 66% of property and 34% rental) in a position to transporting altogether 1,6 million teu.

Hapag-Lloyd previews that operations of consolidation between the first seven world-wide marine carriers of the field will not happen in future, that is - besides the German company - between Maersk Line, Mediterranean Shipping Company (MSC), COSCO Shipping, CMA CGM, Ocean Network Express (ONE) and Evergreen Line. Hapag-Lloyd therefore has tacitly refuted newly a possible one ventilated fusion with the French CMA CGM. According to the German company, in fact, an ulterior consolidation between the top player of the containerized marine transport is time less tempting to cause from the always smaller advantages determined from the increase of the economies of scale.

Hapag-Lloyd has evidenced also as in these last companies of the field they also have recognized the necessity of a cost reduction and as these cuts are carried to term with success. In particular, the German company has emphasized that if in the 2009, against a medium hire of 1.257 dollars/teu and to an average price of the bunker of 331 dollars/ton, Hapag-Lloyd had recorded an EBITDA of sign negative of -407 million dollars and a loss before the taxes pairs to -958 million dollars, in the first nine months of a 2018, in the presence of medium hire of 1.032 dollars/teu and a price of the fuel of 406 dollars/ton, EBITDA and result before taxes have been both of positive sign and pairs respective to 972 million and 15 million dollars. Moreover - it has found the company - applying the value of the hires and the price of the bunker of 2009 to the base of costs to the period of 12 months finished 30th September to the EBITDA and the data pre taxes would turn out both of positive sign and pairs to about 4,0 billion and 2,7 billion dollars.

According to Hapag-Lloyd, therefore, the focus of the companies of the field does not have to be more that of the dimension of scale, but rather that than a greater guideline to the customer. Between the initiatives in order to improve the quality and the efficiency of the services, the company has listed the optimization of the Network of the lines, the collaboration with the terminalisti and improvements in supplying and the management of the container. Moreover Hapag-Lloyd has announced ulterior investments in the field of the digitalisation and the automation, in order to be able - for example - to increase to 15% the quota the business on-line within 2023.


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