Thorsten Schier / Shutterstock.com
FRANKFURT, March 20 (Reuters) – Container shipping liner Hapag-Lloyd on Thursday reported an 18.9% lower net profit for 2024 and proposed a 11.4% cut in its divided versus 2023, citing lower interest income and higher tax expenses.
Key earnings figures for 2025 were expected to range below those reported for 2024, said Chief Executive Rolf Habben Jansen, attributing this to considerable uncertainty amid volatile freight rates and major geopolitical changes.
“The economic and geopolitical environment remains fragile. In this context, we anticipate earnings in 2025 to be lower than in 2024,” he said.
The company, which started a cooperation with rival Maersk in February, would keep a close eye on unit costs and develop its terminal business and onshore businesses in the current year, he said.
Container shipping, a proxy for trade and a health measure of the world economy, has been exposed to the ongoing Red Sea crisis, where the Iran-backed Houthi militants launch attacks on vessels.
The sector is now also grappling with the effects of tariffs introduced by U.S. President Donald Trump.
Net profit at Hapag-Lloyd fell to 2.4 billion euros ($2.61 billion) in 2024 from 2.9 billion a year earlier. The dividend proposal is 8.20 euros per share, down from 9.25 euros.
Earnings before interest, taxes, depreciation and amortization (EBITDA) for 2025 were forecast at between 2.4 and 3.9 billion euros, down from 4.6 billion euros in 2024. The company reported preliminary earnings on January 30.
Earning before interest and taxes (EBIT) for 2025 were forecast at between zero and 1.5 billion euros after 2.6 billion posted in 2024.
Revenues in 2024 rose 6.7% to 19.1 billion euros on 5% higher transport volumes and stable freight rates.
Hapag-Lloyd, with a fleet of 299 container vessels, is the world’s fifth largest shipping liner.
($1 = 0.9180 euros)
(Reporting by Vera Eckert, editing by Ludwig Burger)
(c) Copyright Thomson Reuters 2025.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 108,922 members that receive our newsletter.
Have a news tip? Let us know.
Industry Leaders Sound Alarm: Proposed Tariffs on Chinese Ships Threaten Economic Shockwaves Across U.S. Trade Major maritime industry stakeholders are voicing strong opposition to the U.S. Trade Representative’s proposed Section...
European shipping has emerged as a crucial geopolitical asset for the European Union, controlling 35% of the world’s fleet despite the EU representing only 15% of global GDP, according to...
A minor collision between an LNG tanker and a bulk carrier in Gibraltar’s western anchorage has reignited discussions about pilotage requirements for departing vessels, following a similar incident that led...
Maritime and offshore news trusted by our 108,922 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
