WP_Post Object ( [ID] => 286356 [post_author] => 5 [post_date] => 2023-03-02 17:08:35 [post_date_gmt] => 2023-03-02 17:08:35 [post_content] => Hapag-Lloyd posted a record $18 billion net profit in 2022 as the German shipping line celebrated its 175th in business. Higher freight rates and transport volumes on par with 2021 helped to drive “extraordinarily strong” results in 2022, but higher costs and lower demand for container shipping will inevitably erode profitability in a big way in the year ahead as the market gradually returns to normal. Hapag-Lloyd is the world’s fifth largest container shipping company with a fleet of 251 containerships and a total transport capacity of 1.8 million TEUs. The company published its annual report for 2022 on Thursday,... [post_title] => Hapag-Lloyd Marked 175th Year with Record Profit, But Significant Decline ‘Inevitable’ in 2023 [post_excerpt] => Hapag-Lloyd posted a record $18 billion net profit in 2022 as the German shipping line celebrated its 175th in business. Higher freight rates and transport volumes on par with 2021 helped to drive “extraordinarily strong” results in 2022, b... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => hapag-lloyd-marked-175th-year-with-record-profit-but-significant-decline-inevitable-in-2023 [to_ping] => [pinged] => [post_modified] => 2023-03-02 17:08:35 [post_modified_gmt] => 2023-03-02 17:08:35 [post_content_filtered] => [post_parent] => 0 [guid] => https://gcaptain.com/?p=178214 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )