Hapag-Lloyd volumes up in third quarter
Hapag-Lloyd’s container volumes shot up by 24.4% to 7m teu in the first nine months of 2017, while the German carrier also posted strong quarterly financial results.
Net profit rose to €54.3m (US$63.9m) in the third quarter compared with €8.2m (US$9.6m) the same time last year, while earnings before interest, taxes, depreciation and amortisation (EBITDA) soared to €361.5m (US$427m), a rise of 95%.
The carrier’s revenue also showed a positive increase during this time period, growing from €5.7bn (US$6.7bn) to €7.3bn (US$8.6), a rise of 28%.
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