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CP Ships.(profits of the year is discussed)(Brief Article)

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| November 14, 2005 | COPYRIGHT 2003 All Rights Reserved. (Hide copyright information)Copyright

CP Ships is finding its last few months under its own name profitable.

Soon to be folded into the Hapag-Lloyd container shipping business, CP Ships saw net profit hit $55 million, up from $31 million last year, boosted by an 11 percent jump in revenue and higher freight rates. The higher revenue also helped offset …

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