Hapag-Lloyd Financials

For the first quarter of 2020, Hapag-Lloyd recorded earnings before interest and taxes (EBIT) of US$176 million, which is below the corresponding prior-year figure of US$243 million. The Group net result declined to approximately US$27 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased slightly to US$517 million. “Despite the coronavirus pandemic, we have gotten the year off to a good start. Higher transport volumes and better freight rates have ... [+]

Hapag-Lloyd launches new South East Asia to Australia Services

Hapag-Lloyd expands its Oceania product portfolio. During the month of October 2019 (week 43), two new services which will offer weekly direct sailings between Thailand, Malaysia, Singapore and Australia on top of our existing South East Asia Australia Loop 1 (SAL) will be launched. “Connecting via Singapore on our global mainline ... [+]

Hapag-Lloyd delivers significantly higher half-year result

Hapag-Lloyd has concluded the first half of the year 2019 with a significantly higher operating result than in the same period of the previous year. Earnings before interest and taxes (EBIT) increased to EUR 389 million (H1 2018: EUR 91 million). The Group net result rose to EUR 146 million ... [+]

13,420 new reefers for Hapag-Lloyd

Hapag-Lloyd has placed a record order for the refrigerated containers known as “reefers”. Production of 970 20-foot containers and 12,450 40-foot containers is already scheduled to commence as early as July. Delivery of the refrigerated containers, which have traditionally been white as opposed to Hapag-Lloyd’s orange standard containers, is set ... [+]

Moody´s upgrades Hapag-Lloyd credit rating to B1

Rating agency Moody’s has upgraded Hapag-Lloyd’s corporate family rating (CFR) to B1 from B2 and its senior unsecured bond rating to B3 from Caa1. The outlook remains stable. The improved rating acknowledges Hapag-Lloyd’s progress in integrating United Arab Shipping Company Limited (UASC) while reducing leverage and generating positive free cash ... [+]

Maximilian Rothkopf appointed to Executive Board of Hapag-Lloyd

The Supervisory Board of Hapag-Lloyd AG has appointed Maximilian Rothkopf to its Executive Board effective May 1, 2019. On 1 July, he will become the new COO, replacing Anthony J. Firmin, who will retire on June 30. Maximilian Rothkopf, who holds a master's degree as well as a doctorate in business ... [+]

Hapag-Lloyd unveils details about its ‘Strategy 2023’

Hapag-Lloyd has disclosed details of its new mid-term Strategy 2023. Following a period of consolidation, the liner shipping industry has changed significantly. Hapag-Lloyd is more than two times larger than it was in 2014 in terms of transport capacity. At the same time, further consolidation amongst the largest players in ... [+]

Rolf Habben Jansen confirmed as Hapag-Lloyd CEO until March 2024

The supervisory board of Hapag-Lloyd AG has unanimously approved to extend the contract of Chief Executive Officer Rolf Habben Jansen for a further five years until 31 March 2024. “With Rolf Habben Jansen at the head, Hapag-Lloyd has further improved its position as a leading global liner shipping company in a challenging market environment ... [+]

Hapag-Lloyd shows increased Q1 operating result

Hapag-Lloyd has completed the first quarter 2018 with earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 219.4 million, which is an increase compared to the first quarter of the previous year (EUR 135.3 million). The operating result before interest and taxes (EBIT) stood at EUR 53.7 million after three months (first ... [+]

Hapag-Lloyd opens new office for West Africa

Hapag-Lloyd has officially opened its new office in Tema, the most important port city in Ghana. Beginning immediately, Hapag-Lloyd will manage most of its operational activities in West Africa from this location. “I’m very pleased that our enhanced presence in West Africa is showing initial signs of success,” said Anthony Firmin, COO ... [+]

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