hapag-lloyd
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 flow on the back of tight cost management and increased efficiencies, Moody’s concluded in its press release published today.
The ...
[+]
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 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 ...
[+]
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 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 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 ...
[+]
Hapag-Lloyd, the market leader in Canada, is expanding its local network. On April 21, the
“YM Masculinity” called at a new destination, the Port of Prince Rupert, for the first time.
The ship, which operates on the ‘PS8’ service of THE Alliance, was sailing from Asia to
North America offering leading transit times ...
[+]
There are changes to the Supervisory Board of Hapag-Lloyd AG as approved on March 28. CEO Rolf Habben Jansen will now be responsible for global sales activities.
Joachim Schlotfeldt will become a new member of Hapag-Lloyd AG’s Executive Board as of April 1, 2018. In addition to other areas of responsibility, ...
[+]
CargoSphere, the cloud-based rate management platform, announces a direct data feed of ocean rates and tariffs for the global trade lanes from Hapag-Lloyd, the 5th largest container shipping line in the world, to its customers.
The ocean carrier is the first to offer its customers automatic access to all their contract ...
[+]
Beginning in April, Hapag-Lloyd will offer a new weekly service between the Saudi Arabian port of Jeddah and the east coast of Africa. With the East Africa Service (EAS), the liner shipping company will be calling at the ports of Mombasa (Kenya) and Dar es Salaam (Tanzania) for the first ...
[+]
« Back
More »
