Hapag-Lloyd squeezes out €3m profit
Newly public shipping line Hapag-Lloyd only just managed to register a third quarter profit of €3.2m (US$3.4m) as the benefits of merging with CSAV in 2014 partially alleviated the damage from a gloomy period for global carriers.
Between July and September 2015, the German company recorded higher transport volumes of 1.89m teu, up by 26%, and a 21% increase in revenue to €2.14bn (US$2.30bn).
Over the first nine months of the year, Hapag-Lloyd’s revenue increased markedly by €1.9bn (US$2.0bn) to €6.8bn (US$7.3bn) compared to the same period in 2014, while it has made a net profit of €160.4m (US$172.6m) compared to a loss of €224.om (US$241.1m) in the first three quarters of last year.
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