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Hapag-Lloyd increased earnings while coronavirus shut down the world

The coronavirus pandemic hit volumes hard in the first half of the year, but Hapag-Lloyd still managed to increase earnings significantly. According to CEO, the virus outbreak continues to create "increased uncertainty".

Photo: PR / Hapag-Lloyd

The world's fifth-largest container shipping line, German Hapag-Lloyd, improved its result in the first half of the year, despite the effects of the coronavirus, which has put a significant damper on global trade, shows the company's interim report for the first half of the year, published Friday.

The operating result, EBITDA, increased to EUR 1.16 billion in the first half against EUR 956 million in the same period last year. Meanwhile, revenue increased to EUR 6.3 billion from EUR 6.2 billion last year.

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