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Hapag-Lloyd remains in red amid 'challenging market'

Fresh off the back of its merger with the United Arab Shipping Company in May 2017, Hapag-Lloyd reported a €34.3m net loss for the first quarter of 2018 compared with the same period last year. Chief executive Rolf Habben Jansen bemoaned adverse market conditions but also expects a better backdrop to emerge later in the year

Hapag-Lloyd chief executive Rolf Habben Jansen says “the market environment is challenging”, with any improvement not expected to have an effect until the second half of the year

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