Hapag-Lloyd’s HY profit “significantly below” 2022

2023-08-15 11:00

Hapag-Lloyd has released its results for the first half (HY) of 2023, with revenue and earnings taking a hit amid a “weaker market environment” that saw “subdued demand”.

Revenues dropped from US$18.56bn in the first half of 2022 to US$10.85bn, while EBITDA fell from US$10.94bn to US$3.78bn.

Year-on-year group profit came in more than US$6bn lower, down from

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