Unlike other leading shipping companies containerized companies, in the first quarter of 2024 Hapag-Lloyd's economic performance followed the trend at the beginning of last year, even though there are were a clear improvement compared to those recorded in the previous quarter. In the first three months of this year, revenues amounted to €4.26 billion, decrease of -24.2% on the first quarter of 2023 (up +12.3%) in the fourth quarter of 2023), which was determined by the continued reduction in the average value of freight rates charged by the company, an effect that was partially offset by the increase in the volume of containers transported by the fleet.

In particular, in the first quarter of 2024, the revenues generated the containerised maritime transport activity carried out from Hapag-Lloyd amounted to €4.17 billion, with a decrease of -25.7% over the same period of 2023, compared to volume of containerised cargo transported by the 3.04 million TEUs (+6.9%) and an average value of of freight rates in the period amounted to 1,359 dollars/TEU (-32.0%). In the first three months of this year on transatlantic sea routes alone The company's container ships carried 531,000 TEUs (+0.8%), which generated revenues of €679.6 million (-47.7%) compared to an average value of freight rates for these services equal to 1,390 dollars/teu (-47.5%). On the routes to America Latina, cargoes amounting to 763 thousand TEUs (+7.3%) were transported, shipments that produced revenues of €953.3 million (-32.4%) compared to an average freight rate of 1,356 dollars/teu (-36.3%). On the routes to the Far East, 559 thousand TEUs transported (+16.0%), an activity that yielded revenues of €361.3 million (-17.4%) with an average value of Freight rates amounted to 1,343 dollars/TEU (-27.8%). Scheduled services The company's transpacific ships carried 539 thousand TEUs (+28.3%) generating revenues of €795.0 million (-6.7%) against a average freight value of $1,600/TEU (-26.5%). On the routes intra-Asia, the volumes transported by the fleet were equal to 185 thousand TEUs (+13.5%) with total revenues of €134.8 million euro (-10.7%) compared to an average freight value of 790 dollars/teu (-20.6%). On the routes to the Middle East, the total transported was 267 thousand TEUs (-25.2%), with relative revenues amounted to €286.3 million (-34.0%) against a Average freight rate of $1,127/TEU (-10.6%). Services containerized with Africa transported 184 thousand TEUs (+8.2%) recording revenues of €262.8 million (-15.4%) compared to an average freight rate of $1,550/TEU (-20.7%).

In the first three months of 2024, the expenses generated by the of the company's transport amounted to €3.03 million, a slight decrease of -0.4% compared to the same period last year and unchanged from the fourth quarter of 2023. The Company specified that, despite the fact that the costs are significantly increased due to the diversion of ships on the route around the Cape of Good Hope following Houthi rebel attacks ships transiting through the Bab el-Mandeb Strait, this increase is This has been largely offset by active cost management. Hapag-Lloyd stated, in particular, that the deviation of the container ship on the route that circumnavigates Africa has led to a +12.6% increase in bunker consumption, which is profit of 1.2 million tonnes compared to 1.0 million tonnes tonnes of fuel used in the first three months of 2023. In the first quarter of 2024, the expenses for the purchase of the bunker are amounted to €653.2 million (+4.9%).

Hapag-Lloyd's first quarter of this year shows EBITDA and EBIT of 867.5 respectively million (-60.9%) and €364.6 million (-79.1%) and a value net profit of €299.1 million (-84.2%).

The CEO of Hapag-Lloyd, Rolf Habben. Jansen, described the start of 2024 as positive: "Although, at a later stage, due to the normalization of supply chains, our results are well below the exceptionally positive values of the previous year - he explained - we are pleased to have started Well the new year. In the first quarter, he noted, freight rates increased are stabilised due to the diversion of ships around the Cape of Good Hope and increased demand for capacity. The many new ships that have been and will be delivered in the sector in 2024 are crucial to keep the supply chain without too much interruption. Looking to the future, we will have to keep an eye on our costs and we will continue to implement our 2030 Strategy, focusing mainly on our decarbonisation initiatives and our promise to be the undisputed number one in terms of quality for our customers'.