Subscribe to RSS feedHapag-Lloyd faces year of challenges
by
Herbert Fromme and
—
last modified
Feb 25, 2010 02:50 PM
GERMAN container line Hapag-Lloyd is facing another year in the red despite benefiting from much stronger freight rates in recent weeks.
That was the message on Monday from majority shareholder Tui, which said Hapag-Lloyd’s results were expected to improve this year.
Even so, the line will still make a loss in 2010, according to Horst Baier, designated chief financial officer of...
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