Hapag-Lloyd’s earnings have decreased significantly in the fiscal year 2023, with operating profits plunging to $2.7 billion. According to Hapag-Lloyd’s preliminary and unaudited numbers, Group EBITDA was at $4.8 billion. This is primarily due to decreasing freight prices caused by the normalisation of global supply networks. Hapag-Lloyd also noted revenues fell to $19.4 billion, mainly … Continue reading Red Sea weighs on Hapag-Lloyd 2023 earnings