CSAV merger boosts Hapag-Lloyd profits
Hapag-Lloyd’s 2015 results have revealed the benefit of its merger with Chilean line CSAV, with its profits rebounding in stark contrast to the doom and gloom in the container shipping industry.
Following a loss in 2014 of €383m (US$509m), the carrier made an operating profit (EBIT) of €366m (US$407) last year.
A revenue increase from €6,808m (US$9,046m) to €8,842 (US$9,814m), was “primarily attributable” to the merger with CSAV’s container business in December 2014, it said in a statement.
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