Hapag-Lloyd raises nine-month EBIT on better freight rates, transport volumes

FRANKFURT (Reuters) - German container shipping line Hapag-Lloyd on Thursday reported it more than doubled earnings before interest and taxes (EBIT) to 643 million euros (£554 million) in the first nine months of 2019, citing better performance in volumes and freight revenues."Despite geopolitical tensions and trade restrictions, we benefited from higher transport volumes and better freight rates and also kept a close eye on our costs," said Chief Executive Rolf Habben Jansen.Hapag-Lloyd, the..