Hapag’s Preliminary Results Show Financial Strength of Boxships in 2024

Hapag-Lloyd released preliminary financial results for 2024 coming in at the top of the profitability forecasts the company had already revised upward in October 2024. As the first of the major carriers to release results it also gives a glimpse into the financial strength of the sector despite what was seen as a very challenging year.

The preliminary figures show an anticipated quadrupling of earnings in the fourth quarter from a nearly breakeven level in 2023 to a profit of $1.4 billion in the December quarter of 2024. For the full year, th…