Hapag-Lloyd’s first quarter 2024 earnings look devastating compared to the same period in 2023, but the quarter was stronger than expected due to Red Sea diversions.
The 2020s have so far proved to be anything but uneventful for the container sector. If a global pandemic wasn’t already enough of a shock to our industry, the post-Covid period has presented ongoing challenges for both lines and terminal operators.
Following the announcement of the dissolution of the 2M alliance the division of services was rapid, but since the beginning of this year the collaboration has regained momentum with an increase in joint MSC and Maersk services.