Good start to 2020 for Hapag-Lloyd

Hapag-Lloyd has seen a 6% increase in revenues during the first quarter of 2020, mainly due to an increase in transport volumes, despite the coronavirus pandemic.

Transport volumes increased by 4.3% to more than 2m teu, with an improved freight rate of US$1,094 per teu.

However transport expenses increased by almost 10%, disproportionately to revenues, particularly due to higher bunker costs.