Hapag-Lloyd reported a strong quarterly result as it reaps the rewards of the booming container market, leading to optimism despite signs that the six-month box rate rally is starting to falter.
The Hamburg-based liner operator doubled earnings in the fourth quarter of 2020 due to a surge in volumes and freight rates.
Ebitda rise to $1bn in the three months to the end of December, up from $500m the previous year.
