Widespread blanked sailings stave off major collapse of transpacific rates
Spot rates across all the major east-west deepsea trades continued their downward descent this week, ...
The merged company will have its headquarters in Hamburg
By Mike Wackett
Hapag-Lloyd recorded a net profit of $109m in the first quarter as the carrier benefited from increased volumes and average freight rate gains on most of its liner trades.
The result compares with a loss of $42m in Q1 18.
“Thanks to higher transport volumes, better freight rates and a strong US dollar, we achieved a good result and got the year off to a very decent start,” said chief executive Rolf Habben Jansen.
However, the company expects Q2 to be somewhat tougher.
“I ...
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