Core Insights - Hapag-Lloyd experienced an 8% increase in container volumes in 2025, reaching 13.5 million TEUs, but faced an equivalent decline in average freight rates due to rising operating costs [1][3]. Financial Performance - The company reported preliminary revenues of $21.1 billion for the 2025 financial year, a rise from $20.7 billion year-over-year [2]. - EBITDA for 2025 was $3.6 billion, down 1.4% from $5 billion, while earnings before interest and taxes (EBIT) decreased by 1.7% to $1.1 billion from $2.8 billion [2]. Operational Developments - The partnership with Maersk under the east-west Gemini Cooperation contributed to the increase in freight volume, despite the challenges posed by rerouting ships away from the Red Sea-Suez Canal [3]. - The company anticipates that cost savings from the alliance will begin to materialize in the second half of 2025 and be fully realized by 2026 [4].