It has been a very long journey ever since Hapag-Lloyd, almost bankrupt a decade ago, delivered a very solid quarterly performance – which joyfully was revealed today with its first-quarter (Q1) release, partly thanks to the bean counters and new accounting standards.

Vertical risk

Unequivocally, if you listen to the bulls in the wake of a stunning Q1 on paper, it can now comfortably sit at the table with the other four grown-up carriers and even actively talk about new alliances (rumours ...

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