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TUI, which had sold a majority stake in Hapag-Lloyd in March 2009, said on 28 October 2009 that the container shipping company's loss in 2009 will be lower than expected thanks to successful cost-cutting efforts and stabilizing freight rates. According to Logistics Finland, market observers have seen a USD 900mn (EUR 611.60mn) loss at Hapag-Lloyd.
(Source: Transport Weekly) |
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