Trade Volatility Hits Hapag-Lloyd Profits
Hapag-Lloyd said nine-month profits fell as global trade disputes led to uneven demand and depressed freight rates.
While overall revenue for the German ocean carrier improved to $16.05 billion from $15.28 billion in the same period a year ago, group profit fell to $946 million from $1.83 billion.
“In the third quarter of 2025, the earnings improved compared with the second quarter but remained significantly below prior-year due to low freight rates and upward cost pressure,” the company (HLAG.DE) said in a release...
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