hapag-lloyd
German container shipping line Hapag-Lloyd reported first quarter first quarter earnings up 17 percent, while forecasting lower earnings expectations for 2025.
Operating profit jumped 24 percent, to US$500 million in the first quarter, while revenue rose nearly 19 percent to US$5.1 billion. Strong demand pushed transport volume and average freight rates up 9 percent to 3.3 million TEUs carried and US$1,480 per TEU, respectively.
It was the third-best operating result in company ...
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Logistics payment platform PayCargo and Gnosis Freight, a provider of supply chain visibility and execution software for shipping containers, on March 3 announced an integration and partnership with leading liner shipper Hapag-Lloyd to launch the Container Payment Portal, or CPP.
Hapag-Lloyd has released plans to utilize the newly developed Container ...
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Hapag-Lloyd AG said a third-quarter rebound in demand and freight rates led to a significant increase in earnings for the German container shipping group.However, these results lag previous-year levels as expected, due to lower first-half 2024 freight rates and increased transport expenses from the rerouting of ships around the Cape ...
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Hapag-Lloyd has signed contracts with two Chinese shipyards for a total of 24 new energy efficient container ships, with 312,000 TEUs of total combined capacity, and a combined investment of about US$4 billion.Twelve 16,800 20-foot-equivalent units will be built by Yangzijiang Shipbuilding Group and will be used to expand the ...
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Shipping line Hapag-Lloyd said it will begin to apply a booking cancellation fee, or BCF, for North American exports, starting July 1.The carrier will charge a US$25 fee per container if customers cancel, reduce or roll bookings three calendar days or less prior to the port cutoff as shown on ...
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Hapag-Lloyd hasl unveiled its Strategy 2030, a comprehensive roadmap charting the course for the company's pursuit in quality leadership, sustainability, innovation, and operational efficiency in a rapidly evolving maritime industry.Over the past five years, the company has made significant progress in customer satisfaction, financial stability, and market expansion, particularly in ...
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Shipping line Hapag-Lloyd said it has launched Live Position, its first dry container tracking product to provide full transparency on the location of their shipments – from the start of transportation until the arrival at the destination.As the first container shipping line to introduce a fleet-wide dry container tracking product, ...
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The Gemini cooperation agreement between Maersk and Hapag-Lloyd will rely heavily on a small number of transshipment hubs to support its new hub-and-spoke network, according to Drewry’s latest quarterly Ports and Terminals Insight report.While several of the terminals within the planned network reflect world-class operational performance in terms of intensity ...
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German ocean line Hapag-Lloyd on Tuesday released its latest Sustainability Report, underlining the company’s commitment to pioneering sustainable practices in the maritime industry and reflecting its progress towards a more sustainable future.As part of its goal to operate a net-zero fleet by 2045, Hapag-Lloyd reduced the absolute greenhouse gas emissions ...
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Liner carrier Hapag-Lloyd, which recently announced the Gemini Cooperative with A.P. Moller - Maersk, reported a significant decrease in earnings in its 2023 financial year.Group EBITDA was US$4.8 billion, compared with US$19.4 billion for fiscal 2022, which the company attributed to lower freight rates due to the normalization of global ...
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