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.

Ocean carrier rate revision roundup for Nov. 14
14 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
20 Oct 2014
The South Carolina Ports Authority today received the first ship call of a new consolidated South American east coast service that brings additional post-Panamax vessels to Charleston.
Weekly wrap-up: Port delays, Teamsters and TPM Asia
18 Oct 2014
Coverage on congestion at the Los Angeles-Long Beach port complex continued to interest JOC.com readers this past week, as what could be the worst gridlock to hit the largest port complex in the Americas continues.
Ocean carrier rate revision roundup for Oct. 17
17 Oct 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
16 Oct 2014
A nine-hour operation to reign in a rogue container ship in Australia's Port Botany apparently only resulted in superficial damage to ships from Hapag-Lloyd, OOCL and Safmarine.
15 Oct 2014
Some container lines are better than others at dealing with port congestion irrespective of whether they have stakes in marine container terminals, Hapag-Lloyd CEO Rolf Habben Jansen said, referring to recent woes at the Los Angeles-Long Beach port complex.
14 Oct 2014
Even as Hapag-Lloyd and CSAV reach the homestretch in merging, Rolf Habben Jansen, CEO of the German carrier, said Wednesday not to expect container line consolidation to speed up in the coming years.
12 Oct 2014
Hapag-Lloyd is looking for a safe haven. Like many of its rivals, the German carrier is seeking that haven in the form of new or enlarged alliances. But it's taking the pursuit for stability even further, restructuring its ownership and bringing in a new CEO who will steer the carrier into new routes, new ships and a merger that will elevate the fourth-largest container line by capacity.
Weekly wrap-up: ILWU-PMA talks, 2M’s FMC approval and intermodal troubles
11 Oct 2014
Events on the U.S. West Coast dominated on JOC.com this past week, as labor negotiations between the International Longshore and Warehouse Union and the Pacific Maritime Association could finally be heating up. Five of the Top 10 stories on JOC.com in the past week focused on the issue.
Ocean carrier rate revision roundup for Oct. 10
10 Oct 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
07 Oct 2014
Carriers serving the trans-Pacific westbound trade from the U.S. to Asia will attempt to raise rates as of Nov. 1, arguing that rates currently “fall well below breakeven levels.”
06 Oct 2014
Hapag-Lloyd has suspended its Rotterdam congestion surcharge in the latest sign that traffic is flowing more freely at Europe’s largest container hub following a summer marred by lengthening delays in cargo handling.