Hapag-Lloyd has reported robust financial results for 2024, highlighting growth in transport volumes and stable freight rates despite global shipping challenges. As the company gears up for its strategic partnership with Maersk under the Gemini Cooperation, it aims to set new industry benchmarks in reliability and efficiency.

Financial Performance Overview

Metric	2024	Change from 2023
Group EBITDA	USD 5.0 billion	N/A
EBIT	USD 2.8 billion	N/A
Revenues	USD 20.7 billion	Increased by 1.3%
Transport Volumes	12.5 million TEU	Increased by 5%
Average Freight Rate	USD 1,492/TEU	Nearly matching USD 1,500/TEU

Key Factors Influencing Performance

The company’s improved performance in 2024 was primarily driven by a 5% rise in transport volumes, reaching 12.5 million TEU. Despite global disruptions like the Red Sea crisis, Hapag-Lloyd maintained a stable average freight rate of USD 1,492/TEU, closely aligning with 2023’s rate of USD 1,500/TEU. The ability to sustain these rates amid rerouting challenges underscores the company’s operational resilience and strategic agility.

Gemini Cooperation: A Strategic Leap Forward

Looking ahead, Hapag-Lloyd is set to launch the Gemini Cooperation with Maersk on February 1, 2025. This partnership aims to achieve industry-leading reliability exceeding 90% by June 2025. By combining resources and expertise, both companies intend to enhance service reliability and operational efficiency, setting new standards in the shipping industry.

Future Outlook

Hapag-Lloyd will release its complete 2024 Annual Report, featuring audited figures and a detailed 2025 outlook, on March 20, 2025. This report is expected to provide further insights into the company’s financial health and strategic direction as it embarks on its new partnership and continues navigating global market dynamics.

These developments underscore Hapag-Lloyd’s commitment to growth, resilience, and innovation in the ever-evolving shipping landscape.