hapag-lloyd
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 time. These will be connected to Hapag-Lloyd’s existing global network via the Saudi Arabian port of Jeddah, as the central ...
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Hapag-Lloyd closed the third quarter of 2017 with a significant positive Group net profit and a much improved operating result (EBIT). The integration with United Arab Shipping Company (UASC) is almost completed and on schedule to be finalized by the end of the year.
For the third quarter the net profit ...
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Hapag-Lloyd was awarded one of the industry’s most prestigious honors: The Lloyd’s List “Deal of the Year” award for its merger with UASC, a project dubbed “better.united.”, thereby prevailing against six other finalists.
The Lloyd’s List Global Awards was held in London on September 27.
In the jury’s view, the merger was ...
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Hapag-Lloyd recently held the naming ceremony in Hamburg for the “Guayaquil Express,” the fourth of five newbuildings in its 10,500 TEU class. The patron is Christine Kühne, wife of Klaus-Michael Kühne, majority shareholder and Honorary Chairman of Kühne + Nagel International AG. Among those attending the christening in person at ...
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125 years ago, the steamship “Cremon” set sail from Europe to Canada for the first time under the Hapag flag. Hapag-Lloyd celebrated this anniversary in Montreal on May 16th with the shipping company’s customers and other partners.
“As an important connection between Atlantic and Pacific, as well as between the United ...
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GCT Canada welcomed the largest container vessel to call the country at GCT Deltaport, Port of Vancouver, on May 8. The Hapag-Lloyd 13,200 TEU “Antwerpen Express” has been deployed as part of THE Alliance’s Transpacific mainline West Coast PN3 service. The Hamburg class vessel is the first of a progressive ...
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Hapag-Lloyd shows substantial earnings contribution from synergies from its CSAV acquisition and OCTAVE cost-cutting program. Executives are predicting further synergies due to the merger with UASC.
Hapag-Lloyd closed the 2016 financial year with EBITDA of EUR 607.4 million (previous year: EUR 831.0 million) and an operating result (EBIT) of EUR ...
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Hapag-Lloyd and UASC have mutually agreed to shift the Long-Stop Date under the Business Combination Agreement (BCA) until May 31, 2017 and have amended the BCA accordingly. The merger companies had originally envisaged to close the transaction by March 31, 2017 but now expect closing to take place in the ...
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Hapag-Lloyd achieved a positive operating result (EBIT) for 2016. Based on the preliminary unaudited figures earnings before interest, taxes, depreciation of intangible and fixed assets (EBITDA) reached EUR 607 million (2015: EUR 831.0 million) and the operating result (EBIT) EUR 126 million (2015: EUR 366.4 million) in 2016. The EBITDA ...
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Hapag-Lloyd held a naming ceremony for the “Valparaíso Express”, the first of five new vessels in its new 10,500 TEU class, today. Mrs. Rozío Gonzaléz, the wife of Mr. Andrónico Luksic, Chairman of the Board of the Quiñenco Group, performed the ceremony at the Terminal Pacifico Sur (TPS) in the ...
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