In the third quarter of 2015, Hapag-Lloyd recorded higher transport volumes, revenue and significantly improved earnings.
And adding cheer, Hapag-Lloyd achieved a net profit for the third consecutive quarter.
In the first nine months the line’s revenue increased by EUR 1.9 billion to EUR 6.8 billion compared to the same period in 2014. This increase was highly impacted by the merger with the container shipping activities (CCS) of CSAV in December 2014.
Transport volume rose 28.3% to around 5.6 million TEU in the first nine months of 2015. On a pro forma basis including the CCS activities for 2014 volumes were down 3.9% in that period.
The average freight rate in the first nine months of 2015 came in at US$1 260/TEU, 12% below the same period of 2014. On a pro forma basis including the CCS activities for 2014 the decline would have been 8.0%.
