Hapag-Lloyd's operating result moved in the wrong direction in the 1st quarter 2014. The carrier's net result was weighed down by acquisition of Chilean CSAV.
BY TOMAS KRISTIANSEN
Major German container carrier Hapag-Lloyd, which recently merged with Chilean CSAV, finished the first quarter 2014 with an operating deficit of EUR 63.2 million, compared to a deficit of EUR 53.2 million in the same period last year.
Belgian shipping family Saverys acquires additional shares in Euronav and now only needs a small increase of its equity position to block a full merger between the tanker operator and rivaling company Frontline.