HAPAG-LLOYD CONTAINER LINE TO REPORT HIGHER PROFIT
Hapag-Lloyd Container Line expects to report much higher profit results next month for its fiscal year ended Sept. 30, 1999.
Bernd Wrede, chairman of the Hapag-Lloyd group, the parent company of Hapag-Lloyd Container Line, said that the shipping company “put in a superb performance last year, shifting 1.5 million TEUs and substantially increasing its profit.”
Wrede did not give further details on the shipping line’s results.
Hapag-Lloyd will report its annual results for the fiscal year from Oct. 1, 1998 to Sept. 30, 1999, next week