In the quarter leading to the nine month-result, the Hamburg-based shipping company transported little over 3.05m TEUs (+8.7% year-on-year)."We have seen a positive development in the third quarter and also ended on a positive group net result after nine months. Higher transport volumes, a better utilisation of our ships and the synergies from the recent merger with UASC [United Arab Shipping Company] have enabled us to partially offset rising operational costs. In addition, the average freight rate improved during the peak season in important trades. Despite the persistent upwards pressure on the operational costs in various parts of our business, we remain cautiously optimistic for the rest of the year," Rolf Habben Jansen, CEO, Hapag-Lloyd, commented.