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Hapag-Lloyd in the red in "challenging market environment"

Hapag-Lloyd saw gains in the first quarter of this year following its merger with UASC last year, growing on EBITDA while the bottom line remains at a deficit. "The market environment is challenging," says CEO Rolf Habben Jansen.

Photo: PR-foto/Hapag-Lloyd

Major German container carrier Hapag-Lloyd benefited from the effects of the merger with UASC in the first quarter of 2018.

Revenue grew to EUR 2.6 billion from EUR 2.1 billion in the same period the year prior, while EBITDA grew significantly to EUR 219.4 million in the first quarter this year from EUR 135.3 million in the same period in 2017.

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