Recently, Hapag-Lloyd and ONE both released their latest financial performance reports.

On January 30, based on preliminary and unaudited data, Hapag-Lloyd achieved a group EBITDA of $5 billion (€4.6 billion) in the 2024 fiscal year. Compared to the previous year, the group’s EBIT also showed slight improvement, reaching $2.8 billion (€2.6 billion). Both key figures are at the upper end of the revised earnings forecast released in October 2024. This growth was mainly driven by increased transport volumes and stable average freight rates, which stood at $1,492 per TEU, maintaining last year’s level (2023: $1,500 per TEU).

Revenue increased to $20.7 billion (€19.1 billion), particularly due to rising demand for container transportation. Despite vessel rerouting around the Cape of Good Hope due to security concerns in the Red Sea and longer transit times, transport volumes grew by approximately 5% to 12.5 million TEUs.

On January 31, ONE released its financial results for the third quarter of the 2024 fiscal year (October–December 2024).

In Q3 FY2024, revenue reached $4.846 billion, marking a 44% year-on-year increase, while net profit was $1.156 billion, up by $1.239 billion compared to the previous year.

Despite concerns over labor negotiations at U.S. East Coast and Gulf ports, strong consumer spending contributed to stable cargo volumes on Asia-North America trade routes, while Asia-Europe trade also saw robust freight demand.

For the full-year FY2024 forecast, net profit guidance has been revised from $3.095 billion (announced on October 31, 2024) to $4.034 billion.

Jeremy Nixon, CEO of Ocean Network Express, stated:

“The overall business environment for container shipping remains generally positive, but geopolitical and regional economic uncertainties are increasing. We expect cargo volumes to recover relatively quickly after the Lunar New Year. Meanwhile, ONE will continue to closely monitor overall maritime security and land-based operational constraints while focusing on ensuring a smooth transition to the PREMIER alliance and further improving service quality for our customers.”