Hapag-Lloyd has upgraded the lower end of its full-year profit forecast after a strong start to the year.

The world’s fifth-largest liner operator announced on Wednesday that it expects 2024 Ebitda earnings to range between $2.2bn and $3.3bn, compared with $4.83bn in the previous year.

The lower end of that forecast is more than $1bn higher than the company had expected just two months ago.