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Global Shipping Trims the Sails Heading Into Economic Slowdown

A global shipping industry that’s experiencing the strongest and most turbulent market in memory faces a potential slowdown later this year.

That was among the messages from Hamburg-based Hapag-Lloyd, Germany’s largest container carrier. Early Thursday, it reported surging revenue and profit in the first quarter on transport volumes that were little changed from a year earlier, confirming guidance laid out April 28.