{"id":70804,"date":"2023-05-16T00:00:00","date_gmt":"2023-05-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/"},"modified":"2023-05-16T00:00:00","modified_gmt":"2023-05-16T00:00:00","slug":"hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/","title":{"rendered":"Hapag-Lloyd latest to report fall in revenues amid falling freight rates + Italy\u2019s exports to China triple over the past year"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Hapag-Lloyd posts top + bottom line decline in 1Q 2023: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hapag-lloyd.com\/en\/home.html\" style=\"\">Hapag-Lloyd AG<\/a><\/span><span style=\"\"> reported a <\/span><span>54.6% y-o-y fall in group income to EUR 1.9 bn in 1Q 2023, while revenues fell 29% y-o-y to EUR 5.6 bn, according to the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/819.pdf\" style=\"\">c<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/819.pdf\" style=\"\">ompany\u2019s financials (pdf<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/819.pdf\" style=\"\">)<\/a><\/span><span>. The fall in the company\u2019s revenues was attributed to lower transport volumes \u2014 which fell 4.9% <\/span><span>y-o-y<\/span><span> \u2014 as well as a 27.9% decline in average freight rates on the back of lower demand and normalization of supply chains. The company expects a \u201c<\/span><span style=\"font-weight:400;\">gradual normalization of the earnings trend\u201d for the remainder of the year. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">OTHER THINGS WORTH NOTING-<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Italian exports to China tripled in just over a year<\/span><span style=\"\">, with Italian exports of <\/span><span>medications to China seeing a whopping 1490% rise y-o-y to EUR 1.85 bn in 1Q 2023, amid a wider trend of shifting regional trade and heightened demand for chemicals used in covid-19 treatments in China. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-15\/italy-s-exports-to-china-are-booming-and-it-s-not-clear-why?srnd=economics-trade\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\">) <\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Hapag-Lloyd posts top + bottom line decline in 1Q 2023: Hapag-Lloyd AG reported a 54.6% y-o-y fall in group income to EUR 1.9 bn in 1Q 2023, while revenues fell 29% y-o-y to EUR 5.6 bn, according to the company\u2019s financials (pdf). The fall in the company\u2019s revenues was attributed to lower transport volumes \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[149],"tags":[148,248,17,40,222,33],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-70804","post","type-post","status-publish","format-standard","hentry","category-around-the-world","tag-around-the-world","tag-china","tag-enterprise-logistics","tag-exports","tag-italy","tag-shipping","wpautop","entry"],"acf":{"mongo_id":"41f24d34-6a1c-4bf9-9a68-3f0eb7ce0520","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/823.jpg,https:\/\/www.hapag-lloyd.com\/en\/company\/press\/photos-videos\/vessels.html","photo_position":"above","homepage_title":"","full_issue_title":"Hapag-Lloyd latest to report fall in revenues amid falling freight rates + Italy\u2019s exports to China triple over the past year","related_issue":[70786],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.aa45c1d2-b96f-455c-9196-a97ce1426671.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hapag-Lloyd latest to report fall in revenues amid falling freight rates + Italy\u2019s exports to China triple over the past year - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hapag-Lloyd latest to report fall in revenues amid falling freight rates + Italy\u2019s exports to China triple over the past year\" \/>\n<meta property=\"og:description\" content=\"Hapag-Lloyd posts top + bottom line decline in 1Q 2023: Hapag-Lloyd AG reported a 54.6% y-o-y fall in group income to EUR 1.9 bn in 1Q 2023, while revenues fell 29% y-o-y to EUR 5.6 bn, according to the company\u2019s financials (pdf). The fall in the company\u2019s revenues was attributed to lower transport volumes \u2014 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-16T00:00:00+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Hapag-Lloyd latest to report fall in revenues amid falling freight rates + Italy\u2019s exports to China triple over the past year\",\"datePublished\":\"2023-05-16T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/\"},\"wordCount\":161,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"keywords\":[\"AROUND THE WORLD\",\"China\",\"Enterprise Logistics\",\"exports\",\"Italy\",\"shipping\"],\"articleSection\":[\"Around the World\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/\",\"name\":\"Hapag-Lloyd latest to report fall in revenues amid falling freight rates + Italy\u2019s exports to China triple over the past year - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"datePublished\":\"2023-05-16T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hapag-Lloyd latest to report fall in revenues amid falling freight rates + Italy\u2019s exports to China triple over the past year\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Hapag-Lloyd latest to report fall in revenues amid falling freight rates + Italy\u2019s exports to China triple over the past year - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/","og_locale":"en_US","og_type":"article","og_title":"Hapag-Lloyd latest to report fall in revenues amid falling freight rates + Italy\u2019s exports to China triple over the past year","og_description":"Hapag-Lloyd posts top + bottom line decline in 1Q 2023: Hapag-Lloyd AG reported a 54.6% y-o-y fall in group income to EUR 1.9 bn in 1Q 2023, while revenues fell 29% y-o-y to EUR 5.6 bn, according to the company\u2019s financials (pdf). The fall in the company\u2019s revenues was attributed to lower transport volumes \u2014 [&hellip;]","og_url":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/","og_site_name":"Logistics","article_published_time":"2023-05-16T00:00:00+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Hapag-Lloyd latest to report fall in revenues amid falling freight rates + Italy\u2019s exports to China triple over the past year","datePublished":"2023-05-16T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/"},"wordCount":161,"publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"keywords":["AROUND THE WORLD","China","Enterprise Logistics","exports","Italy","shipping"],"articleSection":["Around the World"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/","url":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/","name":"Hapag-Lloyd latest to report fall in revenues amid falling freight rates + Italy\u2019s exports to China triple over the past year - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"datePublished":"2023-05-16T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/hapag-lloyd-latest-to-report-fall-in-revenues-amid-falling-freight-rates-italys-exports-to-china-triple-over-the-past-year\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"Hapag-Lloyd latest to report fall in revenues amid falling freight rates + Italy\u2019s exports to China triple over the past year"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/70804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/comments?post=70804"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/70804\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/70786"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=70804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=70804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=70804"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/brand?post=70804"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=70804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}