Hapag-Lloyd made new deficit in 1st quarter

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.

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Hapag-Lloyd hit by weak market in 2013
Hapag-Lloyd has doubled its debt in five years
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Majority of CSAV shareholders approve Hapag-Lloyd
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