GERMAN shipping giant Hapag-Lloyd, the world's fifth largest container shipping company, posted a first quarter 45 per cent year-on-year group profit increase to US$469 million drawn on revenues of $5.3 billion, up 15 per cent.
Hapag-Lloyd has concluded the first quarter of 2025 with a group EBITDA of $1.1 billion. In the same period, the group EBIT increased to $487 million.
In container shipping, revenues increased to $5.2 billion, driven by transport volume of 3.3 million TEU and an average freight rate of $1,480/TEU, both of which were nine per cent higher year on year due to strong demand.
In terminal and infrastructure, first quarter EBITDA stood at $36 million and an EBIT at $15 million. In addition, the acquisition of a majority stake in the CNMP LH Terminal in Le Havre secured an important access to the French market.
Said Hapag-Lloyd CEO Rolf Habben Jansen: 'We have gotten off to a good start. In Gemini Cooperation, we have achieved the targeted high schedule reliability, with which we have been able to clearly set ourselves apart from our competitors.
'We have made good progress with Hanseatic Global Terminals as we strengthened our position in France. The situation in the Red Sea and the impact of global tariffs and trade policies continue to be causes for concern for the entire logistics industry and bring with them considerable uncertainty,' Mr Habben Jansen said.
'We will continue to implement our Strategy 2030, vigorously focus on our costs and target additional savings of more than $1 billion within the next 18 months,' he said.
For the 2025 financial year, the executive board continues to expect the group EBITDA to be in the range of $2.5 billion to $4 billion. In light of major geopolitical challenges and volatile freight rates, the outlook is subject to a very high degree of uncertainty.
With a fleet of 308 modern container ships and a total transport capacity of 2.4 million TEU, Hapag-Lloyd is one of the world's leading liner shipping companies. In container shipping, the company has 14,000 employees and around 400 offices in about 140 countries.
SeaNews Turkey
Hapag-Lloyd has concluded the first quarter of 2025 with a group EBITDA of $1.1 billion. In the same period, the group EBIT increased to $487 million.
In container shipping, revenues increased to $5.2 billion, driven by transport volume of 3.3 million TEU and an average freight rate of $1,480/TEU, both of which were nine per cent higher year on year due to strong demand.
In terminal and infrastructure, first quarter EBITDA stood at $36 million and an EBIT at $15 million. In addition, the acquisition of a majority stake in the CNMP LH Terminal in Le Havre secured an important access to the French market.
Said Hapag-Lloyd CEO Rolf Habben Jansen: 'We have gotten off to a good start. In Gemini Cooperation, we have achieved the targeted high schedule reliability, with which we have been able to clearly set ourselves apart from our competitors.
'We have made good progress with Hanseatic Global Terminals as we strengthened our position in France. The situation in the Red Sea and the impact of global tariffs and trade policies continue to be causes for concern for the entire logistics industry and bring with them considerable uncertainty,' Mr Habben Jansen said.
'We will continue to implement our Strategy 2030, vigorously focus on our costs and target additional savings of more than $1 billion within the next 18 months,' he said.
For the 2025 financial year, the executive board continues to expect the group EBITDA to be in the range of $2.5 billion to $4 billion. In light of major geopolitical challenges and volatile freight rates, the outlook is subject to a very high degree of uncertainty.
With a fleet of 308 modern container ships and a total transport capacity of 2.4 million TEU, Hapag-Lloyd is one of the world's leading liner shipping companies. In container shipping, the company has 14,000 employees and around 400 offices in about 140 countries.
SeaNews Turkey
