Hapag Lloyd reported fourth quarter revenues that increased 13% compared to the third quarter, and were 7% better than those estimated by analysts. That may be due to better-than-expected achieved shipping rates and contrasts with Maersk’s energy-driven underperformance. Cost cutting has been a major focus for the firm this year, with earnings before interest and tax reaching 5% of sales from a loss of 2% in the second quarter. The focus this year though is completing the UASC merger. The company highlighted “continuous signs of improvement” in the industry, as Evergreen did recently, bu...