Hapag Lloyd’s earnings during 3Q fell back to the pre-2020 level. Yet. Hapag
Lloyd still lead the liner peers on EBIT margin and Return on Equity (RoE).
Hapag-Lloyd has been consistently generating better EBIT margin than the other
top 5 liners, save for COSCO, which are on a different set of accounting
policies. The better RoE is attributable to both higher EBIT margin and better
capital efficiency.
Hapag-Lloyd has been cutting its fuel costs by both higher fuel efficiency and
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