News / Hapag-Lloyd bucks the trend, as Q4 volumes hold steady

Hapag-Lloyd achieved a record $18.5bn ebit in 2022, compared with $11.1bn the year before – but saw freight rates fall “significantly” in the fourth quarter, alongside a “significant increase in costs”.

Nevertheless, the ocean carrier bucked the trend of declining volumes in Q4, as liftings equalled the previous year’s 2.9m teu, with a full-year total of 11.8m teu, versus 11.9m teu in 2021.

Moreover, the ebit result was right in the middle of the $17.5bn to $19.5bn it advised analysts and investors ...