rolf-habben-jansen
German container shipping line Hapag-Lloyd reported first quarter first quarter earnings up 17 percent, while forecasting lower earnings expectations for 2025.
Operating profit jumped 24 percent, to US$500 million in the first quarter, while revenue rose nearly 19 percent to US$5.1 billion. Strong demand pushed transport volume and average freight rates up 9 percent to 3.3 million TEUs carried and US$1,480 per TEU, respectively.
It was the third-best operating result in company ...
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