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🚨Q2 Reality Check: Is Hapag-Lloyd Playing Defense or Quietly Expanding Its Power?
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🚨Q2 Reality Check: Is Hapag-Lloyd Playing Defense or Quietly Expanding Its Power?

🎯10 Hard Questions That Reveal the Real Hapag Q2 Story!

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Maritime Analytica
Aug 19, 2025
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Maritime Analytica
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🚨Q2 Reality Check: Is Hapag-Lloyd Playing Defense or Quietly Expanding Its Power?
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🔥 Greetings, Maritime Mavericks!

Hapag-Lloyd has revealed its Q2 2025 results.

  • Volumes are climbing. 📦

  • Revenue is rising. 💰

  • But profits? Sliding fast. 📉

Is this the start of a margin war—or the foundation of long-term power?

  • 1️⃣ Did Hapag grow in Q2 2025?

  • 2️⃣ What happened to profitability?

  • 3️⃣ Is the Ocean (Liner Shipping) still strong?

  • 4️⃣ What about costs?

  • 5️⃣ Did Gemini Cooperation deliver?

  • 6️⃣ How’s the Terminal & Infrastructure business?

  • 7️⃣ What about fleet renewal & green strategy?

  • 8️⃣ How are investors rewarded?

  • 9️⃣ What’s the market outlook?

  • 🔟 Is this still a Hapag-led market?

Plus

  • 🏅Maritime Analytica Insight – Big Picture

    • Ocean = Margin Compression Zone

    • Terminals = Stability Engine

    • Fleet & Sustainability = Future Hedge

    • Investor Trade-off

    • Verdict

Let’s break it down in 10 critical questions that reveal the true state of Hapag LLoyd in Q2 2025👇

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www.hapag-lloyd.com

1️⃣ Did Hapag grow in Q2 2025?

  • Revenue: $5.27B (Q2-2024: $4.89B).

  • Volumes: 3.44M TEU (Q2 2024: 3.06M TEU).

💡 Growth driven by strong demand but not margin expansion.


2️⃣ What happened to profitability?

  • EBITDA: $820M (Q2 2024: $1,028M).

  • EBIT: $189M (Q2 2024: $485M).

  • Net profit: $306M (Q2 2024: $467M).

💡 Rising costs turned volume growth into thinner returns.


3️⃣ Is the Ocean (Liner Shipping) still strong?

  • Revenue: $5.17B (Q2 2024: $4.79B).

  • EBITDA: $777M (Q2 2024: $991M).

  • EBIT: $167M (Q2 2024: $468M).

  • Freight rate: $1,324/TEU (Q2 2024: $1,422).

💡 Volumes up, but Ocean now working harder for less profit.


4️⃣ What about costs?

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