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MarketScreener Homepage  >  Equities  >  Xetra  >  Hapag-Lloyd AG    HLAG   DE000HLAG475

HAPAG-LLOYD AG

(HLAG)
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Hapag-Lloyd, ONE join peers in shipping blockchain platform

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07/02/2019 | 06:06am EDT

COPENHAGEN (Reuters) - German container group Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) are to join peers in a blockchain platform aimed at limiting the industry's costly paper trail.

The two companies will join market leaders Maersk, Mediterranean Shipping Co (MSC) and French-based CMA CGM on the platform, meaning that more than half of all cargo shipped by sea will be tracked using it.

The participation of key players in the platform, launched last year in a collaboration between Maersk and IBM, is seen as crucial for cutting costs in an industry that has seen little innovation since the container was invented in the 1950s.

The platform, named TradeLens, helps customers, shipping lines, freight forwarders, port authorities and customs authorities by digitising the supply chain process.

Blockchain technology powers the digital currency bitcoin and enables data sharing across a network of individual computers.

(Reporting by Jacob Gronholt-Pedersen; Editing by Mark Potter)

Stocks mentioned in the article
ChangeLast1st jan.
A.P. MØLLER - MÆRSK -3.30% 8026 Delayed Quote.14.82%
BITCOIN - UNITED STATES DOLLAR -0.14% 10247.011 End-of-day quote.169.50%
HAPAG-LLOYD AG 3.55% 67 Delayed Quote.199.11%
INTERNATIONAL BUSINESS MACHINES CORPORATION -0.83% 142.48 Delayed Quote.25.35%
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Financials (EUR)
Sales 2019 12 589 M
EBIT 2019 711 M
Net income 2019 230 M
Debt 2019 5 585 M
Yield 2019 0,57%
P/E ratio 2019 52,4x
P/E ratio 2020 31,7x
EV / Sales2019 1,38x
EV / Sales2020 1,27x
Capitalization 11 776 M
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Mean consensus UNDERPERFORM
Number of Analysts 12
Average target price 34,98  €
Last Close Price 66,90  €
Spread / Highest target -29,7%
Spread / Average Target -47,7%
Spread / Lowest Target -62,6%
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Managers
NameTitle
Rolf Habben Jansen Chief Executive Officer
Michael Behrendt Chairman-Supervisory Board
Anthony James Firmin Chief Operating Officer
Nicolás Burr Garcia de la Huerta Chief Financial Officer
Karl Gernandt Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
HAPAG-LLOYD AG199.11%12 593
A.P. MØLLER - MÆRSK14.82%24 267
COSCO SHIPPING HOLDINGS CO LTD23.51%7 847
COSCO SHIPPING ENERGY TRANSPRTATN CO LTD60.81%3 483
MITSUI OSK LINES LTD27.78%3 252
NIPPON YUSEN KABUSHIKI KAISHA11.81%2 885