China-US trade tariff pause could drive a rebound for transpacific rates
After the US and Chinese governments agreed to slash reciprocal tariffs, shipping lines are expecting ...
By Mike Wackett
After sliding back into the red in the first three months of the year, and predicting a “tough” second quarter, Hapag-Lloyd is bullish about the prospects of a recovery in the second half.
The German carrier loaded 2.9m teu in the first quarter, which is 48% higher than the same period of 2017, however excluding the merger of UASC, on a like-for-like basis volumes grew at a below market level of 2.5%.
With the inclusion of UASC, revenue at $3.2bn was up ...
Comment on this article
Ale Pasetti
May 15, 2018 at 2:02 amLike-for-like. How bad is that?
Peter
May 16, 2018 at 6:53 amAnd they deserve it, they decided to follow the low freight policy fm UASC instead keeping sustainable levels as they did as Hapag, here are the results, congratulations.