News / Hapag-Lloyd salvages a profit in 2015 and hopes for rate recovery as alliance shake-out continues

Hapag-Lloyd recorded a net loss of $52m in the final quarter of 2015, but still managed to post a profit of $126m for the full-year on the back of a $176m surplus achieved in the first six months of the year.

Like its peers, the German carrier’s trading was subjected to a year of two very different halves due to plummeting freight rates on most routes, and for Hapag-Lloyd the rot set in on its bottom line in the third quarter ...