News / Good first quarter for Hapag Lloyd and ONE, 'but it's all downhill from here'

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By Charlotte Goldstone

30/04/2025

The year got off to a good start for liners Hapag-Lloyd and Ocean Network Express (ONE), but they believe it could be downhill from here.

In its Q1 25 earnings statement, Hapag-Lloyd revealed an operating result “significantly up, compared with Q1 24”, reporting a 17% increase in ebitda, to $1.1bn, and ebit up 24%, to $500m.

The German carrier attributed the main drivers to be strong demand, which resulted in a transported volume of 3.3m teu, and an improved average freight rate, ...

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Hapag Lloyd Ocean Network Express (ONE) The Purse Strings

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