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© Petr Flégl

Two key lines in Hapag-Lloyd’s Prepare for Tomorrow strategy document, presented to investors at its 2021 Capital Markets Day around a year ago and oft referred to during last week’s earnings call, stood out: “Transhipment operations are complex and costly”.

And thus it would “consolidate transhipment volumes at strategically selected hubs”. And secondly, on its M&A strategy, the goal is to “strengthen the core and improve quality through equity investments and acquisitions”, where the core is liner shipping, and terminal and ...

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