Hapag-Lloyd Sees Double-Digit Shipping Vol Growth In 2005

Hapag-Lloyd AG, a unit of German tourism conglomerate TUI AG , expects a double-digit increase in the transport volume of its container shipping business in 2005, Chief Executive Michael Behrendt said Tuesday. The company recorded transport volume growth of 15% in 2004, while the market increased by 9%, he said. It is too early to forecast revenue growth for 2005, Behrendt added.