Receive FREE Newsletter
Advanced Search
+

News / Hapag-Lloyd Q1 results: 'significant swings' creating uncertainty in the market

Verladung_02_print_15x10cm
Photo: Hapag-Lloyd.
By

Despite seeing first-quarter carryings increase 6.8% to 3m teu, German carrier Hapag-Lloyd saw revenues and earnings decrease year-on-year due to lower average freight rates, which declined from $1,999 per teu in the first quarter of 2023 to $1,359.

As a result, revenues fell 24% to $4.26bn ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.
Current subscriber
New subscriber

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    financial results Hapag-Lloyd Rates - the eternal tango The Purse Strings