Hapag-Lloyd's operating profit fell to 2.5 billion euros last year. Sales at the world's fifth-largest shipping company fell by a good 48 percent to 17.9 billion euros.
The decline is due to the end of the Corona special boom. According to the group, freight rates have fallen on average by almost 48 percent. However, the conflict in the Red Sea had a negative impact on year-end shipment volumes as rerouting ships around the Cape of Good Hope extended travel times.