hapag-lloyd
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 126.4 million (previous year: EUR 366.4 million). These figures are taken from the 2016 annual report, which was published March ...
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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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Coffee is one of the most widely traded goods in the world. Each year, roughly nine million tonnes are harvested globally and then exported across the world. About one in every hundred containers on board of Hapag-Lloyd vessels is filled with whole or ground coffee beans – and this figure ...
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Hapag-Lloyd closed the third quarter with a net profit of EUR 8.2 million (previous year: EUR 3.2 million) and an operating result (EBIT) of EUR 65.6 million (previous year: EUR 80.9 million). Hapag-Lloyd was able to generate a positive operating result of EUR 25.9 million in the first nine months ...
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Metro trains are heading to Peru thanks to efforts by Hapag-Lloyd to load a metro train with six cars on August 16 in Salerno, Italy. The train will be shipped aboard the “Cerinthus” to the Peruvian port of Callao. From there, it will be transported to the capital Lima using ...
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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 ...
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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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