Hapag-Lloyd Sets Course with Strategy 2030

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 key growth regions such as India and Africa.Building on the momentum of Strategy 2023, which sought to position Hapag-Lloyd as ... [+]

Hapag-Lloyd Pioneers Container Tracking

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, ... [+]

Hub Port Performance Key for Gemini

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 ... [+]

Hapag-Lloyd Issues Sustainability Report

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 ... [+]

Hapag-Lloyd Sees Earnings Drop

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 ... [+]

Hapag-Lloyd with decrease in earnings in first nine months of 2023

Hapag-Lloyd recently reported that it concluded the first nine months of 2023 with a Group EBITDA of $4.5 billion and a Group EBIT of $3.0 billion. The Group profit stood at $3.4 billion. These results are significantly below the prior-year level due to the severe change in market conditions. With ... [+]

Hapag Lloyd successful completes acquisition of SM SAAM terminal

Hapag-Lloyd has successfully completed its 100 % acquisition of SM SAAM’s terminal business and related logistics services, which is based on an agreement announced in October 2022. The transaction was approved unconditionally by the relevant antitrust authorities of all countries involved in this acquisition process.“We are very pleased about the ... [+]

Hapag Lloyd present 3Q results

Hapag-Lloyd has concluded the first nine months of 2022 with an EBITDA of USD 16.6 billion (EUR 15.6 billion) and an EBIT of USD 15.1 billion (EUR 14.2 billion). At the same time, the Group profit climbed to USD 14.7 billion (EUR 13.8 billion).“Thanks to higher freight rates, we have ... [+]

CP, Hapag-Lloyd adds extra call into Port Saint John

Canadian Pacific and Hapag-Lloyd announced on April 25 an additional call into Port Saint John, N.B., via a seasonal extra loader in another step forward for the growing Atlantic Canada port.This additional call follows their inaugural service call into Port Saint John in May 2021, connecting via CP rail service ... [+]

Virginia is the Only Stop for Hapag-Lloyd

The Port of Virginia® is the only US East Coast stop for ocean carrier Hapag Lloyd’s reworked Mediterranean Gulf Coast Express (MGX) that will move cargo overland by rail to California via Virginia.“This is an innovative decision by one of our long-time customers to take advantage of our efficiency and ... [+]

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