News / Recovery in the second half, says 'optimistic' Hapag-Lloyd after disappointing Q1

Hapag-Lloyd recorded a net loss of $47m in the first three months of this year, its second consecutive quarter of negative results.

Speaking during the German carrier’s results presentation this morning, chief executive Rolf Habben Jansen said the company was “cautiously optimistic” of a recovery, particularly in the second half of the year.

“We believe there will be a recovery in freight rates evidenced by the recent gains in spot rates and backed by capacity cuts,” said Mr Habben Jansen, although he ...