Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
© Khunaspix Dreamstime.
By Mike Wackett
Hapag-Lloyd produced a net profit of $56m in the second quarter, resulting in a half-year result of $165m, a turnaround from the $122m loss recorded in the same period of 2018.
“It was a pretty good half-year,” reflected chief executive Rolf Habben Jansen (pictured) during this morning’s earnings call presentation.
“Rates were up 5%, volumes up 2% and we kept our costs stable,” he added, “but clearly there are some clouds on the horizon.”
Hapag-Lloyd carried 5,966,000 teu in H1, compared with 5,848,000 ...
Comment on this article