News / Rate hikes eclipse Red Sea diversion costs, boosting carrier profits

Photo: © Filindmitriy86 | Dreamstime.com

13/03/2024

Ahead of Hapag-Lloyd’s 2023 annual report tomorrow, there is significant interest in the carrier’s provisional assessment of its first-quarter earnings, in light of the Red Sea diversions.

Credit rating agency Fitch says the short-term profitability of ocean carriers “will benefit from increased ...

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