Hapag-Lloyd earned record second-quarter operating profit as the German ship line’s volume rose 7.8 percent and average per-container rates jumped 29.9 percent.
Hapag-Lloyd’s underlying earnings before interest, taxes and amortization totaled $294 million, compared with a loss of $250.3 million in the second quarter of 2009. Container shipping revenue rose 28.5 percent to $2.1 billion.