German shipping major Hapag-Lloyd said its first-half year “result is disappointing,” due to subdued economic growth in many parts of the world, persistently tough competition in the liner shipping industry and further declines in freight rates, which marked the first half of 2016.
News ID: 68112 Publish Date : 2016/08/13
Last week’s merger agreement between German shipping major Hapag-Lloyd and United Arab Shipping Company (UASC) was made amid ‘significant financial challenges’ that both companies are facing.
News ID: 67770 Publish Date : 2016/07/25