Container shipping company – Hapag-Lloyd with a lot of profit – Economy

Container shipping company Hapag-Lloyd has more than increased its profit tenfold in the first nine months of this year. The company made a consolidated profit of nearly 5.6 billion euros from January to September, after around 0.5 billion euros the previous year. Hapag-Lloyd benefits from the huge increase in freight rates for shipments by sea. The corona pandemic has disrupted the schedules of liner shipping companies. In addition, the early start of the economy, especially in China and the United States, has increased the demand for maritime transport to such an extent that capacity is more than exhausted. Hapag-Lloyd estimates the increase in the average freight rate at nearly 66%, while the transport volume increased by 3.3% compared to the same period of the previous year.

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