Hapag-Lloyd has posted a net profit of $1.45bn for the first quarter of the year, compared with just $27m for the same period of last year.
But it said it could have done even better, but for vessel and box shortages.
Revenue was up 33% on Q1 20, to $4.9bn, from 3% less volume, 2.97m teu, for an average freight rate per teu of $1,509. This was 38% higher than the previous year.
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Source: The Loadstar