Strong freight rates help Hapag-Lloyd profits soar, despite loss of market share
Verified: 2 outlets in 2 countries have reported this story since Nov 12.
The recent strength in container spot freight rates drove a 480% year-on-year increase in group profit at Hapag-Lloyd in the third quarter, despite its liner shipping operations seeing flat volumes, indicating lost market share. Revenue in its liner shipping segment rose 25% year on year in Q3, “driven by a significantly higher average freight rate of $1,808 per teu”, compared with $1,413 per teu in the same period last year. Its third-quarter ...
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Two or more outlets reported this story and its reliability score reached 65%, so WorldPulse marks it verified. That means more than one outlet says so, not that it is proven true.
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- Nov 12, 1:22 PM UTCFirst report· you’re reading thisStrong freight rates help Hapag-Lloyd profits soar, despite loss of market sharetheloadstar.com ↗
- Nov 12, 7:48 PM UTC+6 hHapag-Lloyd profit jumps as stronger freight rates drive guidance upgradefreightwaves.com ↗
- Verified: a second independent outlet reported itNov 12, 7:48 PM UTC · +6 h
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