Full Year 2020 Hapag Lloyd AG Earnings Call Transcript
Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the Hapag-Lloyd Analysts and Investors Full Year 2020 Results Conference Call. Hapag-Lloyd is represented by Rolf Habben Jansen, CEO; Mark Frese, CFO; and Heiko Hoffmann, Head of Investor Relations. (Operator Instructions)
And I would now like to turn the conference over to Rolf Habben Jansen, CEO. Please go ahead.
Thank you very much. And thanks, everybody, for making the time to listen to us today, and welcome at the investor presentation for the full year results.
Maybe a couple of opening remarks. I think when you look at the market, I think all of us would agree that 2020 was a bit of a rollercoaster here, with a pretty strong start, then all of us were hit by the pandemic. And then towards the end of the year, demands came back a lot faster than everybody anticipated. And then, of course, we saw freight rates fairly stable throughout the year but with strong
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