The Welsh club hardly fired a shot in the first 50-odd minutes before Jonjo Shelvey's effort deflected in off Chico Flores on the hour-mark to cancel out Danny graham's ninth-minute opener.
After the match, Laudrup admitted his Swans side were not at their best but felt a point to see them move into 10th on the Premier League table was good enough.
"I think it's a fair point, I have to say. It wasn't a very good game to watch," the Dane said.
"The first half we played and played and played but it was much too slow and there was no pace on the ball, so it was quite easy for Hull to control and to defend.
"They got a goal, a good goal. It was a good cross and a good finish from Danny.
"In the second half we did much better, much quicker and we got the equaliser and we had a chance maybe for a second goal, a good chance from Michu but I think after the first half we did not deserve to win this game today."
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