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Hapag-Lloyd sticks to 2017 outlook

Its nine-month operating profit rises more than tenfold, narrowing the gap on larger peer Maersk

Frankfurt

GERMAN shipping group Hapag-Lloyd kept its outlook for the current year after its nine-month operating profit rose more than tenfold, narrowing the gap on Danish sector-leader AP Moller Maersk, which cut its forecast last week.

Shares in Hapag-Lloyd, fresh from its merger

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