News / Hapag-Lloyd's Q1 volumes hold up better than Maersk's

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Hapag-Lloyd said today its cargo volumes “remained subdued”, but added that it expected “a pick-up in demand” in the second half of the year, as retailer destocking is gradually phased out.

However, the Hamburg-headquartered carrier seems to have outperformed most of its peers in what was a weak quarter for liner trades, describing some of its South American trade vessels as “choc-a-bloc full”.

Indeed, thanks to a robust performance on its largest Latin America market, and ...