hapag-lloyd
Hapag-Lloyd reported a first-quarter loss as weaker freight rates, severe weather disruptions and the conflict in the Middle East weighed heavily on earnings, while the German carrier maintained a cautious outlook for the remainder of 2026.
The Hamburg-based carrier posted first-quarter revenue of US$4.9 billion, down from US$5.3 billion a year earlier, while EBITDA fell to US$494 million from US$1.1 billion in the prior-year period. The company reported an EBIT loss ...
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Hapag-Lloyd has opened a new office in Cotonou, expanding its presence in West Africa and strengthening direct customer engagement in the Benin market.
The move reflects the growing importance of Benin as a regional trade hub, with the Port of Cotonou serving as a gateway to inland markets including Niger and ...
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A.P. Moller-Maersk said its East-West Network, launched under the Gemini Cooperation with Hapag-Lloyd, has achieved schedule reliability above 90 percent in North America, underscoring efforts by ocean carriers to improve consistency after years of supply chain disruption.
The network, introduced in February 2025, marked a major overhaul of east-west trade lanes. ...
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Major container shipping lines are imposing emergency surcharges, restricting bookings and rerouting vessels as Iran’s threat to disrupt traffic through the Strait of Hormuz sends shockwaves through global energy and shipping markets.
The narrow waterway between Iran and Oman is one of the world’s most critical maritime chokepoints, serving as the ...
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Hapag-Lloyd and DSV have signed a two-year agreement covering 18,000 tonnes of carbon dioxide equivalent, or CO2e, emission reductions as the companies expand their decarbonization partnership in ocean freight.
The companies said the framework agreement, to begin in 2026, covers the purchase of Scope 3 greenhouse gas emission reductions generated through ...
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Valentine’s Day, Feb. 14, saw the arrival of the first vessel call at the new Damietta Alliance Container Terminals facility, at the Egyptian port.
The 13,117-TEU Essen Express, operated by Hapag-Lloyd, became the inaugural ship to berth at the Damietta Alliance Container Terminals, or DACT.
The terminal, located at Damietta Port on ...
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Hapag-Lloyd has agreed to acquire ZIM Integrated Shipping Services for about US$4.2 billion in cash, a merger that would create the world’s fifth-largest container shipping company and could reshape competition and freight pricing across major trade lanes.
Under the deal announced Feb. 16, Hapag-Lloyd will pay US$35 per ZIM share, a ...
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Global container shipping in 2026 is facing worsening overcapacity and sharply reduced profitability, according to a new report from Drewry, the London-based maritime research and consultant.
Drewry’s latest analysis, Container Shipping Financial Health Check 2026, warns that weakening carrier finances and continued fleet expansion will reshape market conditions for North American ...
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Hapag-Lloyd and DHL Global Forwarding, in joint efforts to decarbonize supply chains, signed a three-year framework agreement for the purchase of Scope 3 greenhouse gas emission reductions from the use of sustainable marine fuels within the ocean carrier’s fleet.
As part of this agreement, the first order of 25,000 tons CO2e ...
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DP World, a global logistics and supply chain supply chain giant, agreed to a 10-year extension of its long-term agreement with shipping line Hapag-Lloyd for operations at the Port of Santos.
To meet growing demand, DP World advances its port capacity expansion plan to enable the handling of new volumes and ...
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