Hapag-Lloyd, HMM extend profitability through Q3

THE Alliance members Hapag-Lloyd and HMM rode a wave of profitability through the third quarter, capitalizing on low bunker prices and tight cost controls to virtually guarantee a highly positive annual result.

Hapag-Lloyd ended the quarter with its net profit up 122 percent year over year at $290 million, and HMM turned around its loss posted in the same quarter last year with a $20.5 million net profit.


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