FRANKFURT (Dow Jones)–German shipping group Hapag-Lloyd said Friday it has increased freight rates for all cargo and container types between Europe and North America with effect from July 1.
The company attributed the price rise to unsustainable revenue and continuous cost increases.
Hapag Lloyd, partly owned by tourism and travel group TUI AG (TUI1.XE), has been suffering from high marine diesel prices for months.
-By Kirsten Bienk, Dow Jones Newswires
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South Korea’s HMM managed to stay in the black through a bruising 2025 for container shipping, posting a 13.4% operating margin even as freight rates collapsed across major trade lanes and several global rivals slipped into losses.
Global container shipping rates fell for a fifth consecutive week as the usual pre-Lunar New Year cargo surge failed to materialize, prompting carriers to ramp up blank sailings across major trade lanes.
Danaos reported solid fourth-quarter earnings for 2025 while locking in $4.3 billion in contracted revenue and expanding into LNG through a new partnership tied to the Alaska LNG project. Strong charter coverage and high fleet utilization continue to anchor earnings visibility through 2028.
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