Tag: Red Sea crisis
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Hapag-Lloyd’s 2024 Milestones: Financial Success, Strategic Initiatives, and the Gemini Cooperation
Hapag-Lloyd’s 2024 Performance and Strategic Initiatives Hapag-Lloyd’s 2024 Financial Highlights Hapag-Lloyd’s 2024 financial highlights reflect a year of significant achievements and strategic success. The company reported a Group EBITDA of USD 5.0 billion (EUR 4.6 billion) and a Group EBIT of USD 4.8 billion (EUR 4.4 billion), marking a slight improvement over the previous year…
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Lunar New Year’s Impact on Global Trade and Container Shipping: Navigating Seasonal Disruptions and Recovery
The Impact of Lunar New Year on Global Trade and Container Shipping Overview of Lunar New Year Holiday Season The Lunar New Year holiday season significantly influences global trade, particularly the container shipping industry. This annual event leads to a slowdown in cargo volumes due to factory shutdowns in China, a major player in global…