Business, Freight News, Sea

Earnings and box volumes rise at Hapag-Lloyd

[ March 20, 2025   //   Chris Lewis ]

Hapag-Lloyd Group says its EBITDA earnings rose to $5.0 billion in 2024 but, at $2.6 billion, profit was below that of the prior year, particularly owing to lower interest income and higher tax expenses.

Liner Shipping transport volumes rose by 4.7%, to 12.5 million TEU (2023: 11.9 million TEU), while the average freight rate remained stable at 1,492 USD/TEU (2023: 1,500 USD/TEU). Revenues accordingly increased to $20.3 billion (EUR 18.8 billion). The Terminal and Infrastructure segment recorded an improvement in its EBITDA in the 2024 financial year, to $151 million (EUR 139 million) – particularly owing to several acquisitions in the course of the previous financial year.

Tags: Hapag-Lloyd