German ocean carrier Hapag-Lloyd reported a significant decrease in earnings in the 2023 financial year, while its container volumes saw a slight uptick.
According to preliminary and unaudited figures, the Hamburg-based company’s EBITDA stood at US$4.8 billion, and EBIT experienced a year-on-year decrease to US$2.7 billion.
“This can largely be attributed to lower freight rates resulting from the normalisation of global supply chains,” said Hapag-Lloyd in a statement.
The German carrier’s revenues...