Office Address
123/A, Miranda City Likaoli Prikano, Dope
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+0989 7876 9865 9
+(090) 8765 86543 85
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info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
Hapag-Lloyd has
announced a 955m profit for the third quarter 2024, up from 263m in the same
period last year and 434 in the second quarter this year.
The company revised its earnings forecast
again alongside its results, noting the volatile development of freight rates
and persistent geopolitical challenges. Group EBIT is now expected to be
between 2.2bn and 2.6bn for the year, compared to the prior forecast of 1.2bn
to 2.2bn. The changing figure underlines
recent market volatility; as of March 2024, Hapag-Lloyd forecast a year-end
result of between 1bn in the red and 1bn in the black
The average freight rate in the third
quarter of $1,612 per teu improved on Q2’s $1,422 per teu and the year-ago
period, with volumes also improving on-quarter and on-year to 3.2m teu.
Despite the better
performance in the third quarter, results for the first nine months of 2024 are
lower than the first three quarters of 2023. An increase in volumes of 407,000 teu
to 9.3m teu was met with a $137 drop in the average freight rate, bringing down
revenues in the group’s liner segment by 2% to $15.0bn.
Group revenues of $15.3bn were down by
$29m, and a profit of $1.8bn compared to $3.4bn in the first nine months of
2023. The terminal segment maintained its growth trajectory, although
comparisons on-year are of limited value as the unit was founded in the second
half of 2023. “The first nine months of
2024 were marked by unexpectedly strong demand,” said said Rolf Habben Jansen,
CEO of Hapag-Lloyd AG.
“Despite the tense security situation in
the Red Sea and the associated rerouting of ships, we were able to further
increase our transport volume compared to the previous year and can look back
on a good result overall.”
Last week, Hapag-Lloyd launched a
24-vessel newbuilding programme for LNG dual-fuel, ammonia-ready for 16,800 and
9,000 teu vessels, “with which we will
further modernise and decarbonise our fleet and thereby secure our long-term
competitiveness,” said Habben Jansen.
