Hapag-Lloyd net income falls 74% on higher fuel costs
German carrier sees net income fall nearly 75% in the first quarter of the year as a result of the industry’s low-sulphur fuel transition. This came despite a 6% revenue increase off the back of improving volumes and freight rates
Hapag-Lloyd expects significant headwinds in the second quarter of the year because of the coronavirus pandemic, but says its earnings forecast for 2020 remains
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