News / Hapag-Lloyd 'profit before market share' strategy pays dividends

Hapag-Lloyd succeeded in putting “profits over market share” in its third quarter, according to container shipping analyst Lars Jensen.

The carrier posted a net profit of $168m in Q3, achieved from higher average freight rates on flat volume growth.

For the nine-month period, net profit was $333m, which compares with a surplus of just $15m for the same period of last year, and at ebitda level, the nine-month result came in 75% higher than the year before at $1.7bn.

“Clearly its approach to prioritise profitability ...