date:Apr 07, 2023
eved an average profit increase of 87%, with all the carriers within five percentage points of this number. Hapag-Lloyds strong 2022 result was realised on the back of fundamentals: among the top 10 lines, it achieved the greatest increase in rates (43% year-on-year at US$2,863 per TEU) on the smallest decline in volumes (0.2% year-on-year to 11.8 million TEU). The German carrier also saw average rates fall only 15% quarter-on-quarter in the final three months of 2022, versus 30-44% declines for