Hapag-Lloyd’s group profit down 16% in H1
Liner Shipping segment’s revenues increased, thanks to growth in the East-West trades.
Hapag-Lloyd AG has reported a 16% decline in its group profit, to reach $775m in the first half (H1) of 2025.
“The frequent changes in trade policies of the US, in particular, led to volatile demand and freight rates. In addition, congested seaports and the tense security situation in the Red Sea impacted operations,” Hapag-Lloyd said in a statement.
Group revenues, meanwhile, increased to $10.59b from $9.52b from last year.
Per segment, Liner Shipping’s revenues increased to $10.4b from $9.32b, mainly due to an 11% increase in transport volumes, to 6.7 million TEU, which was driven by growth in the East-West trades.
The Terminal & Infrastructure segment’s H1 revenues increased to $244m from $217m last year.
“In the second half of the year, we will keep our focus on quality and growth as well as operational and commercial performance while continuing to optimise our cost structure. At the same time, we will do everything in our power to help our customers navigate this volatile market environment, and we hope that more new trade agreements will make their supply chains more predictable,” said Hapag-Lloyd CEO Rolf Habben Jansen.
The company’s executive board has refined its earnings forecast for the 2025 financial year, with group earnings before interest, taxes, depreciation, and amortisation expected to range $2.8b to $3.8b.
“Given the wide range of geopolitical challenges and volatile freight rates, the forecast remains subject to considerable uncertainty,” the company said.
