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Hapag-Lloyd Sees Rise in 2018 Operating Profit

Maritime Activity Reports, Inc.

March 28, 2018

German container shipping line Hapag-Lloyd on Wednesday said it expected to improve earnings this year thanks to synergies from the merger with Gulf peer UASC and rising transport volumes.
 
Operating profit (EBITDA) will post a clear rise in 2018 after nearly doubling to 1.06 billion euros ($1.31 billion) in 2017, Hapag-Lloyd said, even as freight rates remain flat due to the merger with UASC.
 

Reporting by Maria Sheahan and Vera Eckert 

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