Hapag-Lloyd posts positive results for its anniversary year 2022
Higher freight rates helped to boost Hapag-Lloyd’s financial results in 2022, the year that marked the company’s 175th anniversary, as it finished the 2022 financial year with an EBITDA of US$20.5bn.
On the basis of preliminary and unaudited figures, Hapag-Lloyd also saw its EBIT rise to US$18.5bn as the average freight rate increased by 43% year-on-year to 2,863 US$/teu compared to 2,003 US$/teu.
However, already by the end of the year, the freight rate had significantly come back down as congestion eased and demand declined.
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.
Related Posts
Other News
Container Management (cm) has been published for more than 30 years serving the port, terminal, intermodal and container handling equipment industries worldwide.
