News / 'Look to costs' says Hapag-Lloyd CEO, as freight rates are 'unsustainable'

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Photo: Hapag-Lloyd.
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Hapag-Lloyd saw its second-quarter net profit slump 77% on the previous year, to $1.1bn, despite benefiting from a bottom line boost of $212m from interest and other financial items.

“Weaker demand and lower freight rates are having a noticeable impact on our earnings,” said CEO Rolf ...

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