Germany’s largest container line Hapag-Lloyd has slipped into the red in[ds_preview] the first half of 2016. Despite cost optimization, the impact of rates could not be compensated for. »The sluggish economic growth in many parts of the world, a persistently strong competition in liner shipping as well as continued decline in freight rates have dominated the first half of fiscal year 2016«, the company said. Net income was -142.1mill. € (previous year: 157.2 mill. €).
