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.

https://www.joc.com/maritime-news/hapag-lloyd-hmm-extend-profitability-through-q3_20201113.ht...

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