"Callao Express" on its way to Altenwerder. Photo: HLAG

"Callao Express" on its way to Altenwerder. Photo: HLAG

Hamburg - Liner shipping company achieves higher profit

It was expected, now it delivers Hapag-Lloyd first results. According to preliminary figures from the end of January, the container shipping company's consolidated profit before interest and taxes increased from EUR 2.5 billion to EUR 2.6 billion in 2024 compared to 2023, and turnover also rose significantly. It climbed from 17.8 to 19.1 billion euros.

A 5% increase in transport volumes and a stable average freight rate contributed significantly to this. At EUR 1,434/TEU in 2024, it was roughly on par with the previous year's level of EUR 1,442/TEU.

The shipping company benefited from the higher freight volumes that were achieved despite the detours around the Cape of Good Hope. There had previously been speculation as to whether freight rates would therefore rise on this route, causing consumer prices to rise further. This was obviously not the case.
Meanwhile, the chairman of the Suez Canal Authority said in Cairo that there were signs of a return to stability in the Red Sea and that the Danish shipping company Moller-Maersk had been asked to take this into account when planning sea routes.

kdk, hamburg.t-online, gCaptain

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