Hapag-Lloyd Reports Strong Profits Despite Economic Downturn

The shipping giant sees unexpected demand and higher freight rates, driving significant earnings amid global challenges.

Hapag-Lloyd earned approximately €1.7 billion in the first nine months of 2024, with projections of €2.2 to €2.6 billion for the full year.
Increased demand and improved freight rates contributed to the company's robust financial performance.
The company navigated higher costs due to rerouting ships around the Cape of Good Hope, prompted by security concerns in the Red Sea.
Hapag-Lloyd is investing in a major fleet expansion, commissioning 24 new ships to enhance modernization and decarbonization efforts.
CEO Rolf Habben Jansen remains optimistic about the company's future, despite potential trade impacts from political changes in the U.S.