Hapag-Lloyd

Hapag-Lloyd

Hapag-Lloyd Hamburg Express

Hapag-Lloyd is at present the world’s sixth-largest container line, but a planned merger with CSAV will create the fourth-largest global ocean carrier.

Founded in 1970 via a merger between the two shipping companies Hamburg-Amerikanische Packetfahrt-Actien-Gesellschaft (Hapag / Hamburg-American Line) and North German Lloyd (NDL), Hapag-Lloyd is based in Hamburg, Germany, and has a presence in 114 countries, with 7,000 employees worldwide.

Hapag-Lloyd has a fleet of more than 150 ships with a capacity of around 730,000 TEUs. In 2013 the carrier posted revenue of EUR 6.56 billion, a 4 percent decrease from the previous year. The company recorded a net loss of EUR 97 million, down 24 percent from the previous year’s net loss of EUR 128 million.

Hapag-Lloyd was the seventh-ranked container carrier in U.S containerized import trade in 2013, with volume of 1,029,853 TEUs, up 1.4 percent year-over-year, giving it market share of 5.7 percent. It was ranked third in U.S. containerized export trade in 2013, with volume of 802,784 TEUs, up 3.1 percent year-over-year, with market share of 6.3 percent. For more carrier rankings, see the JOC’s Top 40 Container Carriers special topic.

Hapag-Lloyd and CSAV in April 2014 signed a binding contract to complete a merger to create the world’s fourth-largest container line. Following the merger, which is expected to be finalized in the fourth quarter of 2014, the enlarged Hapag-Lloyd will have 200 vessels with total transport capacity of around 1 million 20-foot-equivalent units, an annual transport volume of 7.5 million TEUs, and annual turnover of €9 billion.

MSC container ship in Rotterdam
18 May 2015
The North Atlantic, for long the “sleeping dog“ of container trades, is “waking up,” as rising European imports on the back of a strong U.S. dollar lift freight rates and attract new services, according to Drewry Maritime Research.
Hapag-Lloyd's Hamburg Express in dock
13 May 2015
Hapag-Lloyd swung to a first-quarter profit of 128.2 million euros ($143.6 million) from a year-earlier loss of 119.1 million euros as a stronger dollar and lower bunker prices helped to offset weaker freight rates.
20 Apr 2015
Hapag-Lloyd has ordered five 10,500-TEU container ships for the South American trades.
Lumber shipments at Port of Portland, Ore.
17 Apr 2015
The almost complete cessation of liner services at the Port of Portland will add significantly to inland transportation costs incurred by exporters of agricultural and forest products in Oregon and Idaho, the executive director of the Agriculture Transportation Coalition said Thursday.
Portland cranes
17 Apr 2015
The most damaging aspect of the exodus of two major container lines from the Port of Portland, Oregon, last month was the loss of more than 650 trade and transportation jobs in Oregon, the port’s executive director says.
08 Apr 2015
Hapag-Lloyd notified its Pacific Northwest customers on Tuesday that it has ended its service to Portland because of “schedule integrity” problems.
Terminal 6 Port of Portland, Oregon
06 Apr 2015
In a development that could foreshadow the end of container-handling at the Port of Portland, Oregon, Hapag-Lloyd’s service to the Pacific Northwest port has come into question — the carrier has no calls listed in the coming weeks at the port.
01 Apr 2015
Hapag-Lloyd said it detected and prevented the shipment of 2,620 misdeclared shipments of dangerous goods last year — an average of more than 50 a week.
27 Mar 2015
Hapag-Lloyd, Germany’s biggest container line, slumped to a net loss of 603.7 million euros [$652 million] in 2014 largely due to the one-off cost of acquiring and integrating Chilean carrier CSAV.
26 Mar 2015
Speculation has been rife in the Singapore media about a possible tie-up between Neptune Orient Lines (NOL) and fellow G6 Alliance member Hong Kong’s Orient Overseas International Ltd. (OOIL), but a closer look at the business of the two carriers reveals that merging their operations would create little synergy.
04 Feb 2015
CSAV has finalized a share auction that raised $398 million toward a capital increase in Hapag-Lloyd that will make the Chilean company the leading shareholder in the world’s fourth largest ocean carrier.
Hapag-Lloyd Chicago Express in Hong Kong
19 Jan 2015
Hapag-Lloyd today became the latest carrier to implement a general rate increase — of $850 per TEU — in the Far East-Europe trade just days after rivals were due to hike rates on the world’s biggest liner route. However, rates could fall to levels not seen since 2011 when carriers cut their bunker adjustment factors in February, a London-based derivatives broker says.