Hapag-Lloyd concluded the first half of 2025 with a Group EBITDA of US$1.9 billion (€1.8 billion). Group EBIT decreased to USUS$0.7 billion (€0.6 billion) and Group profit to USUS$0.8 billion (€0.7 billion). The company cited frequent changes in US trade policies as contributing to volatile demand and freight rates. Congested seaports and the security situation in the Red Sea also affected operations.
© Hapag-Lloyd
In the Liner Shipping segment, revenues rose to US$10.4 billion (€9.5 billion) in the first half of 2025. Transport volumes increased by 11% to 6.7 million TEU (H1 2024: 6.1 million TEU), mainly driven by growth in East-West trades. The average freight rate was US$1,400/TEU (H1 2024: US$1,391/TEU). EBITDA in this segment decreased to US$1.8 billion (€1.7 billion) and EBIT to US$0.6 billion (€0.6 billion), partly due to start-up costs for the Gemini network, congestion, and general inflation.
The Terminal & Infrastructure segment recorded higher sales and earnings in the first half of the year. EBITDA rose to US$79 million (€72 million) and EBIT to US$37 million (€34 million). The terminal portfolio expanded in March 2025 with the acquisition of a majority stake in CNMP LH in Le Havre, France.
© Hapag-Lloyd
"In a volatile market, we significantly increased our transport volume and ended the first half of the year on a solid note overall. We have gotten our Gemini network off to a very successful start and are setting new standards in our industry in terms of schedule reliability. In addition, we have made good progress in the further expansion of Hanseatic Global Terminals. In the second half of the year, we will keep our focus on quality and growth as well as operational and commercial performance while continuing to optimize our cost structure. At the same time, we will do everything in our power to help our customers navigate this volatile market environment, and we hope that more new trade agreements will make their supply chains more predictable," said Rolf Habben Jansen, CEO of Hapag-Lloyd AG.
Following business performance in line with expectations, the Executive Board refined its earnings forecast for 2025. Group EBITDA is now expected between USUS$2.8 and 3.8 billion (€2.5 to 3.4 billion) and Group EBIT between USUS$0.25 and 1.25 billion (€0.2 to 1.1 billion). The company noted that geopolitical challenges and volatile freight rates continue to present uncertainty for the outlook.
© Hapag-LloydFor more information:
Hapag-Lloyd AG
Tel: +49 (0) 40 3001 – 3705
Email: [email protected]
www.hapag-lloyd.com
