Trade volatility hits Hapag-Lloyd profits

Core Insights - Hapag-Lloyd's profits declined significantly due to global trade disputes affecting demand and freight rates [1][2] - The company reported an increase in overall revenue but a substantial drop in group profit compared to the previous year [1][2] Financial Performance - Overall revenue rose to $16.05 billion from $15.28 billion year-on-year, while group profit fell to $946 million from $1.83 billion [1] - In Q3 2025, earnings improved from Q2 but were still below the previous year due to low freight rates and rising costs [2] - Liner shipping revenue increased to $15.7 billion from $14.9 billion year-on-year, with transport volumes improving by 9% to 10.2 million TEUs [3] Margins and Costs - Liner EBITDA and EBIT margins dropped to 15.5% and 4%, respectively, compared to 24% and 13% a year ago [4] - The average freight rate decreased by 4.8% to $1,397 per TEU, despite a 6.1% increase in volume [4] Future Outlook - Hapag-Lloyd narrowed its full-year EBITDA forecast to a range of $3.1 billion to $3.6 billion and EBIT to $600 million to $1.1 billion [5]