German shipping giant Hapag-Lloyd has released its financial results for 2024, revealing a complex picture of growth and challenges across its business segments.
While liner transport volume rose to 12.5 million twenty-foot equivalent units, up from 11.9 million TEUs, average freight rates declined to $1,492 from $1,500 per TEU in 2023. This combination resulted in segment revenue of $20.3 billion, up from $19.2 billion in 2023. However, profitability metrics showed mixed results, with earnings...
https://www.freightwaves.com/news/hapag-lloyd-sees-mixed-earnings-in-2024