News / Hapag-Lloyd: 'profits from a challenging Q2 prove our merger with CSAV was right'

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The newly-merged Hapag-Lloyd managed to stay in profit in a “very challenging” second quarter of the year adding €29 ($37m) net profit to record a €157m ($175m) plus at the half-year stage.

This compares with a €173m loss incurred in the same period of 2014, before the takeover of Chilean container line CSAV.

Hapag-Lloyd said it was “well on track” to achieve a positive full-year result, despite a market environment that remained “very challenging”.

The integration of CSAV’s container services and ship systems ...