News / Hapag-Lloyd racks up massive $3.4bn profit in Q3 – with much more to come

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Hapag-Lloyd has posted a huge net profit of $3.4bn for the third quarter, and a cumulative nine-month result of $6.7bn that compares with just $605m earned in the first three quarters of 2020.

Putting the fifth-largest ocean carrier’s earnings into context, that nine-month profit exceeds its return from the whole of the past five years.

And CEO Rolf Habben Jansen said today the carrier’s result for Q4 would be equally strong, and that he saw “no dramatic change” for the first quarter ...