GERMAN shipping giant Hapag-Lloyd operating profits fell to US$2.7 billion from $4.8 billion posted the year before.
'We achieved the third-best group profit in the history of our company, even if it is significantly lower than it was in the exceptionally strong year 2022 due to the normalisation of global supply chains,' said Hapag-Lloyd CEO Rolf Habben Jansen.
'We were able to considerably boost customer satisfaction and the digitalisation of our container fleet. We significantly expanded our business in the Terminal & Infrastructure segment and grew our liner shipping activities in India and Africa,' he said.
'We reduced our carbon footprint, taking another step towards our goal of becoming net-zero carbon by 2045,' said Mr Habben Jansen.
In the Liner Shipping segment, transport volumes for 2023 as a whole rose by 0.5 per cent to 11.9 million TEU (2022: 11.8 million TEU). Transport expenses lowered by 11 per cent to $12.9 billion, primarily due to lower expenditures for demurrage and storage fees for containers and a lower bunker consumption price.
Revenues dropped to $19.2 billion primarily owing to a lower average freight rate of $1,500/TEU ($2,863/TEU).
In the Terminal & Infrastructure segment, an EBITDA of $50 million and an EBIT of $21 million were achieved in the 2023 financial year. Revenues stood at $202 million. Since the new segment is still in the process of being formed, it does not reflect the results of a full financial year.
SeaNews Turkey
'We achieved the third-best group profit in the history of our company, even if it is significantly lower than it was in the exceptionally strong year 2022 due to the normalisation of global supply chains,' said Hapag-Lloyd CEO Rolf Habben Jansen.
'We were able to considerably boost customer satisfaction and the digitalisation of our container fleet. We significantly expanded our business in the Terminal & Infrastructure segment and grew our liner shipping activities in India and Africa,' he said.
'We reduced our carbon footprint, taking another step towards our goal of becoming net-zero carbon by 2045,' said Mr Habben Jansen.
In the Liner Shipping segment, transport volumes for 2023 as a whole rose by 0.5 per cent to 11.9 million TEU (2022: 11.8 million TEU). Transport expenses lowered by 11 per cent to $12.9 billion, primarily due to lower expenditures for demurrage and storage fees for containers and a lower bunker consumption price.
Revenues dropped to $19.2 billion primarily owing to a lower average freight rate of $1,500/TEU ($2,863/TEU).
In the Terminal & Infrastructure segment, an EBITDA of $50 million and an EBIT of $21 million were achieved in the 2023 financial year. Revenues stood at $202 million. Since the new segment is still in the process of being formed, it does not reflect the results of a full financial year.
SeaNews Turkey
