GERMAN shipping giant Hapag-Lloyd’s annual report for 2023 and financial results for Q4 has revealed exactly how challenging the ocean container market. The report notes that Liner Shipping revenues dropped 48.5 per cent to EUR17.7 billion (US$19.2 billion) from 2022 to 2023, and earnings before interest, taxes, depreciation and amortization fell by 77.1 per cent to EUR4.4 billion over the same period. The ocean carrier grew its volumes slightly, from 11.8 million TEU to 11.9 million TEU, but...
https://www.seanews.com.tr/early-peak-season-for-ocean-shipping-hapag-lloyd-forecast/199998/