hapag-lloyd
Hapag-Lloyd AG said a third-quarter rebound in demand and freight rates led to a significant increase in earnings for the German container shipping group.However, these results lag previous-year levels as expected, due to lower first-half 2024 freight rates and increased transport expenses from the rerouting of ships around the Cape of Good Hope to avoid the Red Sea, these results are below the prior-year level, as expected.Hapag-Lloyd concluded the first ...
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Hapag-Lloyd has signed contracts with two Chinese shipyards for a total of 24 new energy efficient container ships, with 312,000 TEUs of total combined capacity, and a combined investment of about US$4 billion.Twelve 16,800 20-foot-equivalent units will be built by Yangzijiang Shipbuilding Group and will be used to expand the ...
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Shipping line Hapag-Lloyd said it will begin to apply a booking cancellation fee, or BCF, for North American exports, starting July 1.The carrier will charge a US$25 fee per container if customers cancel, reduce or roll bookings three calendar days or less prior to the port cutoff as shown on ...
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Hapag-Lloyd hasl unveiled its Strategy 2030, a comprehensive roadmap charting the course for the company's pursuit in quality leadership, sustainability, innovation, and operational efficiency in a rapidly evolving maritime industry.Over the past five years, the company has made significant progress in customer satisfaction, financial stability, and market expansion, particularly in ...
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Shipping line Hapag-Lloyd said it has launched Live Position, its first dry container tracking product to provide full transparency on the location of their shipments – from the start of transportation until the arrival at the destination.As the first container shipping line to introduce a fleet-wide dry container tracking product, ...
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The Gemini cooperation agreement between Maersk and Hapag-Lloyd will rely heavily on a small number of transshipment hubs to support its new hub-and-spoke network, according to Drewry’s latest quarterly Ports and Terminals Insight report.While several of the terminals within the planned network reflect world-class operational performance in terms of intensity ...
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German ocean line Hapag-Lloyd on Tuesday released its latest Sustainability Report, underlining the company’s commitment to pioneering sustainable practices in the maritime industry and reflecting its progress towards a more sustainable future.As part of its goal to operate a net-zero fleet by 2045, Hapag-Lloyd reduced the absolute greenhouse gas emissions ...
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Liner carrier Hapag-Lloyd, which recently announced the Gemini Cooperative with A.P. Moller - Maersk, reported a significant decrease in earnings in its 2023 financial year.Group EBITDA was US$4.8 billion, compared with US$19.4 billion for fiscal 2022, which the company attributed to lower freight rates due to the normalization of global ...
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Hapag-Lloyd recently reported that it concluded the first nine months of 2023 with a Group EBITDA of $4.5 billion and a Group EBIT of $3.0 billion. The Group profit stood at $3.4 billion. These results are significantly below the prior-year level due to the severe change in market conditions. With ...
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Hapag-Lloyd has successfully completed its 100 % acquisition of SM SAAM’s terminal business and related logistics services, which is based on an agreement announced in October 2022. The transaction was approved unconditionally by the relevant antitrust authorities of all countries involved in this acquisition process.“We are very pleased about the ...
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