You must be a Premium Subscriber to read this article.

Hapag Lloyd reports loss, but operating profit for 2012

Markets

Tuesday, March 19, 2013

Hapag-Lloyd said it had a net loss of 128 million euros ($166 million) in 2012 compared to a net loss of 28.8 million euros in 2011. The German carrier had revenue of 6.8 billion euros in 2012 compared to 6.1 billion euros in 2011, a 12.1 percent increase. The company said average freight rates were up 3.2 percent to $1,581 per TEU and transport volumes were up 1.1 percent to about 5.2 million TEUs. Hapag-Lloyd had positive operating results, but they were lower t...

You have requested access to content only available to Registered Users of American Shipper. You can become a registered user for FREE. You will not have access to premium content.

Your registration to American Shipper is FREE and will provide you access to much of the content on the American Shipper Web site. You will not have access to Premium Content.

SUBSCRIBE NOW
Access to premium content, original reporting, research, and feature stories require a paid subscription. Subscriptions to American Shipper costs $120 a year. Your subscription includes unlimited access to content on the American Shipper Website, early access to the digital edition of the monthly magazine, and the daily AS+ premium newsletter published each morning.