News / Fears for jobs, as Hapag-Lloyd still ‘falls short of expectations’ after CSAV merger

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Merging loss-making CSAV’s container business into a “new” Hapag-Lloyd has come at a difficult time for the German carrier, which has had its financial foundations shaken by suffering a net loss of $163m in the first three months of the year.

This compares with a $134m loss posted for the whole of 2013.

Meanwhile, the Chilean carrier, which will have a 30% stake in the reconfigured Hapag-Lloyd, has yet to post its first-quarter result. It recorded a loss of $169m in 2013, ...