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Hapag-Lloyd loss widens on CSAV takeover cost, low freight rates

TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING

TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING

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Hapag-Lloyd this morning announced a first-quarter loss of €63.2m, down from €53.2m loss last year, as overcapacity, low freight rates and costs associated with its takeover of CSAV begin to bite. It noted that the average freight rate had fallen 8% to $1,422 per standard container – “far too low” said the CEO. Bloomberg Businessweek has the details.

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    CSAV Hapag-Lloyd Takeover Talk Arise surcharges CMA CGM Gemini cooperation India Jawaharlal Nehru Port Trust (Nhava Sheva) Maersk MSC

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