Maersk and Hapag-Lloyd Launch Gemini Cooperation, Reshaping Global Container Shipping https://t.co/RS8vjehyYS
Hapag-Lloyd Reports Strong 2024 Results Ahead of Gemini Launch https://t.co/Kkj7P3zDVJ
International ocean container lines ready the February launch of reorganized alliances and vessel-sharing agreements, but uncertainty in global relations and supply chains could throw a wrench in carefully crafted plans. https://t.co/89JTW21ssv

Hapag-Lloyd has reported preliminary earnings for fiscal year 2024, revealing an EBIT of $2.8 billion, surpassing estimates of $2.7 billion. The company's EBITDA reached $5 billion, exceeding expectations of $4.88 billion, while revenue totaled $20.7 billion, higher than the anticipated $20.04 billion. The earnings report highlights a significant increase in transport volumes, with earnings reportedly quadrupling in the fourth quarter. Additionally, Hapag-Lloyd is set to enter a new alliance with Maersk, named Gemini, starting February 1, 2025, with a transition period extending until late May. This partnership aims to reshape global container shipping amidst ongoing uncertainties in international relations and supply chains.