hapag-lloyd
Subdued economic growth in many parts of the world, persistently tough competition in the liner shipping industry and further declines in freight rates have marked the first half of the
2016 business year. While transport volume remained stable in the first six months at 3.7 million TEU (-0.4 % compared to the prior year period), the average freight rate fell by $254 year on year to $1,042/TEU, or almost 20%. Revenue ...
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Hapag-Lloyd AG (Hapag-Lloyd) and United Arab Shipping Company S.A.G. (UASC) signed a Business Combination Agreement (BCA) to merge both companies on July 18, subject to the necessary regulatory and contractual approvals.
Following the integration, the new Hapag-Lloyd will rank among the five largest container shipping lines in the world, with 237 ...
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When the two transmitted their distress call on July 4, the “Hamburg Express”, flagship of Hapag-Lloyd’s fleet, was among a number of ships that happened to be in the area. Over two hours after the distress call went out, the second officer spotted the small yacht as it was pitching ...
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Hanjin, Hapag-Lloyd, “K”Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Yang Ming have agreed to create a new alliance covering all East-West trade lanes namely, Asia-Europe/ Mediterranean, Asia-North America West Coast, Asia-North America East Coast, Transatlantic and Asia-Middle East/Persian Gulf/Red Sea. A binding agreement has been concluded by all partners ...
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Hapag-Lloyd AG (HL) and United Arab Shipping Company SAG (UASC) are currently discussing forms of cooperation including a potential combination of their mutual container shipping operations. In case of a business combination, the parties are basing their discussions on a relative valuation of the two businesses at 72% (HL) and ...
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Hapag-Lloyd is focusing even more intensely than before on Special Cargo for container vessels. In order to be able to transport more cargo which does not fit into standard containers due to oversize or overweight, Hapag-Lloyd has strengthened its team of specialists. In addition to its Special Cargo Division ...
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Hapag-Lloyd achieved a net profit of EUR 114 million (previous year: EUR -604 million) in the financial year 2015.
“The result for the year is in line with our expectations,” said Rolf Habben Jansen, CEO of Hapag-Lloyd AG. “Hapag-Lloyd has delivered what we promised. Also in comparison with our main ...
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Hapag-Lloyd has achieved its earnings targets for 2015 and also in Q4 significantly improved its operating result (EBIT) versus prior year.
Based on the preliminary unaudited figures, Hapag-Lloyd increased operating earnings before interest, taxes, depreciation of intangible and fixed assets (EBITDA) to EUR 831.0 million (2014: EUR 98.9 million) and the ...
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Hapag-Lloyd has taken delivery of two modern 3,500-TEU ships from the Dutch shipping company NileDutch. The purchase price was not disclosed, but the ships, which have a special wide-beam design, are being initially deployed in South America. The wide-beam design of the hull means that the ships, which were built ...
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Hapag-Lloyd recently added 3,000 PrimeLINE® units to its fleet to enhance its capabilities for shipping perishable goods. This includes 1,000 of the refrigerated containers equipped with Carrier Transicold’s innovative XtendFRESH™ controlled-atmosphere system.
The XtendFRESH system actively manages oxygen and carbon dioxide levels within refrigerated containers and removes ethylene, thus slowing the ...
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