Container shipping giant United Arab Shipping Company reported a threefold rise in 2017 pre-tax profit to €411m ($505m), due largely to a merger with Hapag-Lloyd. The German carrier also benefited from improved freight rates and a 29% surge in container transport volumes.
Container shipping giant Hapag-Lloyd reported a threefold rise in 2017 pre-tax profit to €411m ($505m), due largely to a merger with United Arab Shipping Company. The German carrier also benefited from improved freight rates and a 29% surge in container transport volumes.