Higher costs due to the rerouting of ships via the Cape of Good Hope and start-up expenses for a collaboration with rival Maersk known as the Gemini Network dragged on earnings.
However, Gemini-related cost savings started kicking in during the second half of 2025 and will be fully realised in 2026, it said, adding that one-time non-cash effects in the fourth quarter bolstered last year’s profit. Hapag-Lloyd is due to publish detailed results and an outlook for the current year on March 26.
(Reporting by Ludwig Burger, Editing by Miranda Murray)
