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Hapag-Lloyd Aktiengesellschaft (HLAGF)
- Reuters
Hapag-Lloyd raises lower end of outlook on strong shipping demand but profit falls
FRANKFURT (Reuters) -German container firm Hapag-Lloyd on Wednesday raised the lower end of its 2024 outlook amid rising demand and freight rates, but posted an 84% drop in first-quarter net profit. Commercial shipping has faced global disruptions, including in the Red Sea region, where operators are avoiding the Suez Canal because of attacks on vessels by Yemen-based Houthi militants. The crisis has raised freight rates because alternative trips around Africa's southern tip are longer and expensive.
- Simply Wall St.
Hapag-Lloyd And Two Other Strong Dividend Stocks In Germany
Amid a backdrop of rising optimism in European markets, with Germany's DAX index recently posting significant gains, investors are keenly observing the landscape for robust investment opportunities. In this context, dividend stocks like Hapag-Lloyd offer an appealing avenue for those looking to potentially enhance returns while navigating current market dynamics.
- Reuters
Hapag-Lloyd: risk zone around Red Sea has not spread to Mediterranean for now
German container shipper Hapag-Lloyd on Monday said it continued to avoid the Red Sea and Gulf of Aden, adding that the "risk zone" related to possible attacks by Iran-aligned Houthi militants had not spread to the Mediterranean Sea. Earlier, bigger rival Maersk said the disruption to container shipping traffic in the Red Sea was increasing and expected to reduce the industry's capacity between the Far East and Europe by up to 20% in the second quarter.
