Hapag 'took the bigger risk' when it signed up to Gemini, says Maersk
Hapag-Lloyd “took the bigger risk” in the partnership with Maersk in the Gemini Cooperation, according ...
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By Mike Wackett
A $61m loss in Q4 dragged Maersk to an overall net loss of $44m last year.
And the Danish transport and logistics group remains concerned about the impact on all its businesses of the coronavirus outbreak in China.
Top line revenue from operations was down slightly on the previous year, at $38.9bn, with the contribution from ocean unchanged at $28.4bn.
Liner liftings were also static, at 26.6m teu, and its average rate per teu was unmoved, at $940, despite bringing in IMO 2020 ...
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