News / Hapag-Lloyd's 'pretty good half-year' turns around 2018 losses

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Hapag-Lloyd produced a net profit of $56m in the second quarter, resulting in a half-year result of $165m, a turnaround from the $122m loss recorded in the same period of 2018.

“It was a pretty good half-year,” reflected chief executive Rolf Habben Jansen (pictured) during this morning’s earnings call presentation.

“Rates were up 5%, volumes up 2% and we kept our costs stable,” he added, “but clearly there are some clouds on the horizon.”

Hapag-Lloyd carried 5,966,000 teu in H1, compared with 5,848,000 ...