Hapag-Lloyd concluded the first half of 2025 with a Group EBITDA of USD 1.9 billion (EUR 1.8 billion), while EBIT decreased to USD 0.7 billion (EUR 0.6 billion) and net profit to USD 0.8 billion (EUR 0.7 billion). The company cited volatile trade policies in the US, port congestion, and the tense security situation in the Red Sea as key operational challenges.
In its Liner Shipping segment, revenues rose to USD 10.4 billion (EUR 9.5 billion), supported by an 11% increase in transport volumes to 6.7 million TEU compared to 6.1 million TEU in H1 2024. Average freight rates remained stable at USD 1,400/TEU. Despite higher volumes, segment EBITDA slipped to USD 1.8 billion (EUR 1.7 billion) and EBIT to USD 0.6 billion (EUR 0.6 billion), partly due to start-up costs for the new Gemini network and inflationary pressures.
The Terminal & Infrastructure segment delivered growth, with EBITDA climbing to USD 79 million (EUR 72 million) and EBIT to USD 37 million (EUR 34 million). The portfolio was further strengthened in March with the acquisition of a majority stake in CNMP LH in Le Havre, France.
CEO Rolf Habben Jansen highlighted the company’s resilience, stating:
“In a volatile market, we significantly increased our transport volume and ended the first half of the year on a solid note. We have gotten our Gemini network off to a very successful start and are setting new standards in schedule reliability.”
Looking ahead, Hapag-Lloyd refined its 2025 earnings forecast, projecting Group EBITDA between USD 2.8–3.8 billion (EUR 2.5–3.4 billion) and EBIT between USD 0.25–1.25 billion (EUR 0.2–1.1 billion). However, the outlook remains clouded by geopolitical uncertainties and fluctuating freight rates.