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Indiaexportnews.com

Hapag-Lloyd increased turnover by 13%

  20.05.2010    

Container shipping organisation Hapag-Lloyd, with headquarters in Germany, raised its profits and volumes for the first quarter in 2010, Logistics Finland informs. Due to profitable cost-control programmes, it made a turnover of EUR 1.30bn (USD 1.61bn), up 13%, and operating profits of EUR 13.40mn, up from losses of EUR 221.7mn in the first quarter of 2009. This was attributed to an 8% rise in freight weights and a 1.17mn teu volume increase of 4.7% in the first quarter 2010. Hapag-Lloyd previously experienced five continuous quarters of losses.



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