By Mike Wackett
Hapag-Lloyd posted a net profit of $18m in the second quarter of the year, after a loss of $111m in the same period of 2016.
However, the carrier still recorded a deficit of $49m for the first six months of trading, which it partly blames on the $130m cost of the integration of UASC and a 59% increase in the price of bunker fuel.
The merger, completed on 24 May, also had a negative impact on the container line’s average freight rate.
Despite a big hike in container ...
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