Hapag-Lloyd shows strong start to the year in Q1

Hapag-Lloyd has concluded the first quarter of 2021 with earnings before interest, taxes, depreciation and amortization (EBITDA) of roughly $1.9 billion (approximately EUR 1.6 billion). Earnings before interest and taxes (EBIT) rose to roughly $1.5 billion (approximately EUR 1.3 billion). The Group net result improved to around $1.5 billion (EUR 1.2 billion). “On the back of the high demand for container transports, we have benefited from better freight rates, especially in ... [+]

Hapag-Lloyd acquires Africa specialist NileDutch

Hapag-Lloyd and NileDutch have signed a sale and purchase agreement where Hapag-Lloyd acquires all shares of the Dutch container shipping company Nile Dutch Investments B.V. (NileDutch). With over 40 years of expertise, NileDutch is one the leading providers of container services from and to West Africa. The company is present ... [+]

Hapag-Lloyd orders six ultra large container vessels of 23,500+ TEU

Hapag-Lloyd has signed an order for six ultra large container vessels. The Korean ship yard Daewoo Shipbuilding & Marine Engineering will build the 23,500+ TEU vessels and deliver them to Hapag-Lloyd between April and December 2023. The vessels will be deployed on the Europe – Far East routes as part ... [+]

Port of Virginia is Only US East Coast Stop for Europe-to-Caribbean Service

On December 5, The Port of Virginia® welcomed the HAMMONIA EMDEN, the first container ship in a new vessel service that gives the port a direct link to both Northern Europe, an important market for imports, and the Caribbean, an emerging market for export cargo. Virginia is the only ... [+]

Hapag-Lloyd delivers good half-year result

Hapag-Lloyd has concluded the first half of the year 2020 with earnings before interest and taxes (EBIT) of USD 563 million (EUR 511 million), thereby surpassing the prior-year figure of USD 440 million (EUR 389 million). The Group profit improved to USD 314 million (EUR 285 million). At the same ... [+]

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 ... [+]

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 ... [+]

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