Hapag-Lloyd cuts ’25 earnings forecast

Industry & Trade
By Aya Anwar
Hapag-Lloyd
German shipping giant Hapag-Lloyd will introduce land corridors through KSA to mitigate the impact of the Red Sea attacks on its business.

Hapag-Lloyd reported a 3.1 per cent drop in first-half net income to €709 million ($829 million) and lowered the upper end of its 2025 earnings forecast due to geopolitical tensions and volatile US trade policy.

The German shipping giant now expects full-year EBIT between €200 million and €1.1 billion, down from a prior range of breakeven to €1.5 billion, after a 24 per cent decline in EBIT to €619 million in the first half.

Revenues rose 10 per cent to €9.7 billion, while transport volumes climbed 10.6 per cent to 6.7 million TEUs. CEO Rolf Habben Jansen said the company ended the half on a “solid note” despite the costly detours caused by Red Sea security risks.

Hapag-Lloyd’s Gemini alliance with Maersk, covering 340 ships on seven trade corridors, launched successfully but still requires cost optimisation.

Attribution: Reuters

Subediting: Y.Yasser

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