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BERLIN, May 13 (Reuters) - German shipper Hapag-Lloyd swung to a first-quarter profit thanks to the stronger U.S. dollar, lower bunker fuel prices and first effects from its merger with Chilean shipper CSAV.
The company on Wednesday posted a net profit of 128.2 million euros in the first three months of the year, against a loss of 119.1 million one year ago.
"This is a solid start to the year, in spite of the continued price pressure in many of the trades," Chief Executive Rolf Habben Jansen said in a statement. (Reporting by Victoria Bryan; Editing by Maria Sheahan)