German ocean carrier Hapag-Lloyd has reported revenues of US$19.4 billion and profit of US$3.2 billion in 2023, translating to massive year-on-year drops from US$36.4 billion and US$18 billion, respectively. Additionally, the company’s earnings before interest and taxes (EBIT) fell from US$18.5 billion in 2022 to US$2.7 billion in 2023 and earnings before interest, taxes, depreciation, … Continue reading Hapag-Lloyd records third-highest group profit in history despite significant financial declines