News / New alliance a 'serious counterweight' to dominant groups on Asia-Europe box trade

© Nils Prause

Hapag-Lloyd, the largest container line in the proposed THE Alliance, was the only one of the six-member agreement to record an operating profit in the first three months of the year, Alphaliner said today.

The German line managed $5m of EBIT, whereas Hanjin, K Line, MOL, NYK and Yang Ming all suffered after being hit by falling freight rates and weak cargo growth.

The next best performer in the group was NYK, which posted an EBIT loss of $10m, while the worst was ...