German container shipper Hapag-Lloyd posted a record profit of $18.08 billion for 2022, 88% more than a year earlier, but said uncertainty around the Ukraine war and inflation would greatly temper earnings in 2023
Hapag-Lloyd, the world’s fifth-biggest container liner, benefited from exceptional freight rates through spring 2022, which helped it bolster its finances, invest in its fleet and make acquisitions.“Costs - such as for fuel, charter vessels and container handling - have risen significantly,” Chief Executive Rolf Habben Jansen said in a statement.
The company forecast 2023 earnings before interest, taxation, depreciation and amortisation of 4-6 billion euros, compared with 19.4 billion in 2022. The 2023 guidance is subject to considerable uncertainty due to Ukraine and other international conflicts as well as inflation, the company’s statement said.
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