Hapag-Lloyd has published its annual report for 2024, highlighting slightly higher operating results despite a challenging market. The Group EBITDA reached USD 5.0 billion (EUR 4.6 billion), while Group EBIT improved to USD 2.8 billion (EUR 2.6 billion). However, net profit declined due to lower interest income and higher tax expenses.
Growth in Liner Shipping and Terminal Business
The Liner Shipping segment saw a 4.7% increase in transport volumes, reaching 12.5 million TEU. Despite stable freight rates at 1,492 USD/TEU, revenues grew to USD 20.3 billion (EUR 18.8 billion).
- The EBITDA in Liner Shipping rose to USD 4.9 billion (EUR 4.5 billion), even with higher transport costs from rerouting ships around the Cape of Good Hope.
- The Terminal & Infrastructure segment improved its EBITDA to USD 151 million (EUR 139 million), supported by acquisitions.
Hapag-Lloyd also expanded its Hanseatic Global Terminals, modernized its fleet, and invested in digitalization and workforce training.
Growth in Liner Shipping and Terminal Business
The Liner Shipping segment saw a 4.7% increase in transport volumes, reaching 12.5 million TEU. Despite stable freight rates at 1,492 USD/TEU, revenues grew to USD 20.3 billion (EUR 18.8 billion).
- The EBITDA in Liner Shipping rose to USD 4.9 billion (EUR 4.5 billion), even with higher transport costs from rerouting ships around the Cape of Good Hope.
- The Terminal & Infrastructure segment improved its EBITDA to USD 151 million (EUR 139 million), supported by acquisitions.
Hapag-Lloyd also expanded its Hanseatic Global Terminals, modernized its fleet, and invested in digitalization and workforce training.
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Source: Hapag-lloyd
