Following a slump in profits in 2023, German container shipping company Hapag-Lloyd expects earnings to decline again in 2024.
“We have made a satisfactory start to the current financial year, but the economic and political environment remains volatile and challenging — especially in view of the current situation around the Red Sea,” the Hamburg, Germany-based company said March 14 when presenting its annual report for the previous year. “We therefore anticipate an overall decline in earnings for 2024.”
