Hapag-Lloyd more than doubled operating profit to $23.2 million from $9.6 million in last year’s first quarter as revenue grew 16.5 percent to $2.1 billion. But the taxes and interest payments pushed the operation into the red.
Average freight rates grew 10 percent to $1,563 per 20-foot-equivalent unit and cargo volume increased 2 percent to [...]
Under the terms of the contract signed Thursday, APMT will invest $749 million to update and expand the existing facility into a modern multi-purpose terminal serving general, roll-on, roll-off, breakbulk and containerized cargos as well as cruise ships.
The new APMT concession in Peru is part of its strategy to focus new terminal investments in [...]