In the third quarter of this year, they worsened further The financial performance of the shipping company German container company Hapag-Lloyd, with revenues that, while still significantly higher than pre-war levels. Covid-19 pandemic, have significantly decreased compared to the all-time highs recorded during the global health crisis, while operating profit, which has been declining since the last quarter of last year, year, was also lower than the previous values the health emergency.

After five quarters of slight decline, in the third quarter of 2015, In 2023, on the other hand, the volumes of transported cargo returned to growth from the company's fleet. "Thanks to the increase in volumes transported in the third quarter - highlighted today Hapag-Lloyd's Chief Executive Officer, Rolf Habben Jansen - in the In the first nine months, volumes were substantially stable compared to 2022." Habben Jansen pointed out that in the In addition, the Company continued to implement the strategy, which includes a vertical integration of activities with the expansion of the presence in the market of port terminals, an expansion that has been underway for some time, is continued in 2023 when Hapag-Lloyd announced the decision to make the new container terminal at the Egyptian port of Damietta the transhipment hub for the Eastern Mediterranean and is Continued with acquisitions by 49% of Italy's Spinelli, 40% of India's J M Baxi Ports & Logistics and Port Terminals of Chile's SAAM and, So, after the announcement that it does not pursue the purchase of a stake in the German terminal operator HHLA, which is in negotiations for the entry of the shipowning group into its capital MSC, with the announcement of the decision to set up its own Terminal Operator Division ( of 10 and 12 January, 19 April, 1 August, 15 and 19 September 2023).

If the Vertical Integration of Activities Program maritime transport of containers with those of the handling of of containers on port quays continues at full speed, At the same time, Hapag-Lloyd has to contend with the rapid Worsening of the containerized shipping market to the phase of extraordinary growth coinciding with the spread of Pandemic Planetarium. "Freight rates," explained Habben Jansen - are lower than last year and, as expected, decreased again in the third quarter, which is reflected in very high lower. In response, we are working to reduce our expenses even more, for example achieving savings on the supply side and bringing changes to our service network. However, if spot freight rates do not will rise again, we may face difficult quarters in the in the context of a market that is deteriorating',

A deterioration that was very clear in the third quarter of 2023 when revenues, amounting to €4.10 billion euro, down -57.9% over the same period last year when Hapag-Lloyd's turnover, as of all the major companies in the same market, had reached the exceptional peaks. Revenues for the July-September period of This year they are also -34.4% lower than those of the corresponding period of 2021 when turnover was rapidly rise, but are +36.6% higher than the revenues of the third quarter of 2020 when the impetus from the effects of the The health crisis had already begun and by +26.4% compared to the previous year. third quarter of 2019 when the crisis was beyond come.

In the third quarter of this year, the expenses arising from the transport activities recorded a decrease of -19.5% compared to the same period in 2022, falling to 3.04 billion euro, which was generated by the reduction in all items of expenditure with the exception of personnel which, at €269.3 million, increased by +21.0%.

The quarterly operating profit recorded by the German company amounted to €205.7 million, representing declines in the -96.0%, -92.9%, -39.1% and -15.1% respectively on non-controlling interests quarters of 2022, 2021, 2020 and 2019. Net profit was by €263.8 million, down -94.8% on the third quarter last year and -90.7% on the third quarter of 2021, while is +4.5% and +75.4% higher than the net economic result for the third quarters of 2020 and 2019.

In the period July-September 2023, the fleet of Hapag-Lloyd's container ships transported cargoes of a total of 3.11 million TEUs, with an increase of +4.5% on the same period in 2022. These shipments produced revenues equal to to €4.03 billion, with a decrease of -58.6% which is was caused by the -57.8% reduction in the value of freight which was $1,312/TEU.

The largest volumes of cargo were transported on the routes with Latin America, having been the total 745 thousand TEUs (+4.3%), an activity that generated revenues of to €1.01 billion (-50.6%) with an average freight value of Result of 1,476 dollars/TEU (-49.1%). On the routes with the Extreme In the East, 592 thousand TEUs were transported (+6.5%), recording revenues of €634 million (-65.4%) and an average value of Freight rates of $1,167/TEU (-64.8%). Scheduled transpacific services transported 513 thousand TEUs (+11.0%), an activity that net sales of €713 million (-63.4%) based on an average freight rate of $1,513/TEU (-64.8%). On the routes transatlantic volumes totalled 501 thousand TEUs (-4.2%), with revenues of €710 million (-57.5%) and with an average value of Freight rates which was 1,547 dollars/TEU (-52.5%). Services with the Middle East transported 360 thousand TEUs (-2.7%) generating revenues of €286 million (-64.3%) with an average freight rate of 867 dollars/TEU (-60.3%), intra-Asian ones carried 212 thousand TEUs (+35.0%), with related revenues of 128 million euros (-59.2%) and average freight rates of $2,020/teu (-67.5%), and maritime services with Africa carried 188 thousand TEUs (-2.6%), with corresponding revenues of €267 million (-46.5%) based on an average freight rate of $1,545/teu (-41.4%).