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 ...
© Nils Prause
By Mike Wackett
Hapag-Lloyd’s net profit came in at $54m last year after the carrier recovered well from a loss-making first six months, which in June obliged it to issue a profit warning.
Chief executive Rolf Habben Jansen said the transport group was “satisfied with the financial results”.
In terms of its 3.8% ROIC (return on invested capital), the Hamburg-based liner trumped its bigger peers, CMA CGM and Maersk, in 2018. They reported disappointing ROICs in their accounts, of 2.6% and 1.6% respectively, for the ...
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