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ZIM, Yang Ming and Wan Hai recorded EBIT losses in FY2023; four shipping lines had EBIT of over $1bn

Group revenue was down 47% to $19.4 billion even as transport volume in liner shipping segment was flat at 11.9mn TEUs

Sorensen will succeed Dheeraj Bhatia who will become a member of the Hapag-Lloyd Executive Board

United view at COP28 on concrete regulatory measures for investment conditions critical to accelerate green transition

HLTC will be operated as part of JV that Hapag-Lloyd established with Indian technology company Solverminds in June

Hapag-Lloyd to equip 1.6 million containers with tracking devices by 2024

Turning point for Hapag-Lloyd: CEO Rolf Habben Jansen

Hapag-Lloyd starts rollout of Starlink to its fleet this year, enhancing efficiency and safety of the fleet

Dheeraj Bhatia has been based in Dubai as Senior Managing Director, Region Middle East, Hapag-Lloyd since 2018

Average freight rate of $1,761/TEU (H12022: $2,855/TEU) was down 38%, volume declined 3.4% YoY to 5.8 million TEUs

Avg freight rate declined 28% to $1,999/TEU (Q12022: $2,774/TEU) due to weaker demand and normalisation of supply chains

Customers can choose among three different options, representing different levels of avoidance in CO2e emissions