Hapag-Lloyd has reported a higher operating result in the 2018 financial year as overall transport volume increased 6% year-on-year and revenues increased by 15%.
The shipping line attributed the improvement to higher global transport volumes, steadily improving freight rates in the second quarter and its merger with United Arab Shipping Company Ltd (UASC).
Hapag-Lloyd’s merger with UASC and the associated 21% increase in transport volume to 11.9m teu led to an increase in revenues to €11.5bn (US$13.6bn) from €10bn (US$11.3bn).
You need a free subscription to read the entire article.
Login if you have already subscribed.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.