Hapag-Lloyd reported an 8% increase in container volumes in 2025, but operating costs rose as the average price to carry a container of freight fell by the same percentage due to longer voyages away from the Red Sea.

Preliminary data showed Hapag-Lloyd’s revenues in 2025 at $21.1 billion, up from $20.7 billion the previous year. EBITDA was $3.6 billion, down 1.4%, and earnings before interest and taxes were $1.1 billion, down 1.7%.

Hapag-Lloyd’s alliance with Maersk on the east-west Gemini Cooperation and trade growth boosted freight volume by 8% to 13.5 million TEUs in 2025. However, the average freight rate fell by 8% to $1,376 per TEU due to higher costs from rerouting ships and start-up expenses for Gemini.

The partners have resumed at least one scheduled service on the Red Sea route, with naval assistance. The company anticipates alliance cost savings to take effect in the second half of 2025 and be fully realized in 2026.

Hapag-Lloyd is set to report its FY2025 earnings on March 26.

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