Hapag-Lloyd profits tumbled in 2025 despite carrying more cargo

Hapag-Lloyd reported solid growth in container volumes in 2025 that were offset by tumbling profits on weaker ocean shipping rates and higher costs. The world’s fifth-largest carrier forecast potential losses in a challenging 2026 as geopolitics and industry-wide capacity issues threaten volatile rates. Liner shipping revenues in 2025 increased to $20.6 billion from $20.3 billion the previous year. But earnings before interest, taxes, depreciation and amortization (EBITDA) fell to $3.5 billion from $4.9 ...