Hapag-Lloyd reports better operating results

Scan Global Logistics and Hapag-Lloyd partnered on a multimillion-dollar ocean biofuel initiative, advancing their shared sustainability goals.

Hapag-Lloyd’s Q1 2024 saw a Group EBITDA of US$942M, a decline in EBIT to US$396M, and profit to US$325M, despite a 6.8% rise in transport volumes to 3M TEU.

Hapag-Lloyd partners with IKEA to reduce CO2 emissions from Asian shipments by using eco-friendly biofuel, targeting 100,000 tons reduction in 2024-2025.

MSC is poised to increase size gap over CMA CGM, and Maersk will become the second-largest carrier; Hapag-Lloyd aims to maintain top-5 status.

Hapag-Lloyd introduces “Live Position”, its pioneering dry container tracking product, enhancing logistics with IoT technology globally.

Hapag-Lloyd takes progresses towards full eBL adoption by partnering with GSBN to implement the IQAX eBL solution.