Hapag-Lloyd reported 1Q 2019 revenues that surged 16.9% higher year over year. That was largely down to a strengthening dollar, excluding which the container-line’s revenues rose by 8.6%. The increase was driven by a 2.4% increase in volumes including transpacific volumes that fell by 1.1%. Given Asia-to-U.S. West Coast handling increased by 3.8% year over year that would suggest backhaul volumes were particularly weak. The second quarter looks set for a surge in activity after Hapag-Lloyd’s April volumes climbed 5.3% year over year on Asia-to-USWC routes and by 12.0% on all other routes...