Another tough year ahead for Hapag-Lloyd
by
Herbert Fromme and Janet Porter - Lloyd's List
—
last modified
Feb 16, 2010 12:24 PM
German container line Hapag-Lloyd is facing another year in the red, despite benefiting from much stronger freight rates in recent weeks.
That was the message yesterday from majority shareholder Tui, which said Hapag-Lloyd’s results were expected to improve this year.
Even so, the line will still make a loss in 2010, according to Horst Baier, designated chief financial officer of major shareholder...
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