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Publishing its preliminary third quarter financials Hapag-Lloyd the container line reported an EBITDA of $3.6 billion and EBIT of approximately $1.9 billion for the first nine months of 2024. This compared to an EBITDA of $4.5 billion and EBIT of $3 billion for the same period a year earlier.
Hapag-Lloyd plans to publish its final figures for the first nine months of 2024 on 14 November.
Container lines have benefitted from diversions via the Cape of Good Hope which have soaked up expected excess capacity from newbuildings entering the fleet and an early peak season as shippers sought to avoid expected disruption later in the year driving up freight rates.
