News / Q3 surge in volumes sees Hapag-Lloyd sail back into calmer financial waters

The merged company will have its headquarters in Hamburg

Hapag-Lloyd moved into the black in the third quarter with a net profit of $56m, but sees a big risk to profitability in the final quarter from a spike in bunker prices.

Transported volumes in the third quarter, compared with the same period of 2016, soared by 44% to 2.8m teu – a result of the integration of UASC – mainly gained on Asia and Middle East trades.

During an earnings call this morning, chief executive Rolf Habben Jansen said that, on a like-for-like basis excluding UASC, liftings ...