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.

20 Aug 2014
Overall capacity operated by the Top 21 container carriers increased 5.6 percent or 847,000 TEUs in the last 12 months, according to industry analyst Alphaliner’s latest newsletter, furthering chronic overcapacity in the container shipping market.
ECT Delta East terminal
01 Aug 2014
Hapag-Lloyd announced it is temporarily diverting vessels deployed on one of its Europe-Asia services from Rotterdam to Antwerp as congestion worsens at Europe’s biggest container port as the peak shipping season gathers speed.
Ocean carrier rate revision roundup for July 25
25 Jul 2014
Several container lines have planned general rate increases in multiple trade lanes in August, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Ocean carrier rate revision roundup for July 18
18 Jul 2014
Multiple carriers have announced general rate increases on several trade routes to take effect in August.
16 Jul 2014
Hong Kong-listed shipping line OOCL and Dubai-based Etihad Airways have not yet been officially informed of a Bangladesh high court ruling that accuses them of evading taxes and money laundering...
12 Jul 2014
Wan Hai Lines plans to upgrade its intra-Asia service network by joining the West India-China direct service (WIN) operated by a consortium of NYK Line, X-Press Feeders, Hapag-Lloyd and Yang Ming Lines.
Ocean carrier rate revision roundup for July 4
04 Jul 2014
Several container lines have planned general rate increases in multiple trade routes to take effect Aug. 1...
A Hapag-Lloyd container seen in Singapore.
02 Jul 2014
The ink was hardly dry on Hapag-Lloyd’s merger deal with Chilean carrier CSAV when departing chief executive Michael Behrendt raised the prospect of acquiring an Asian container line.
02 Jul 2014
DP World London Gateway has gained its fifth service since opening in November 2013, following Hapag-Lloyd and Mitsui O.S.K. Lines’ merger of their Europe-West Africa joint services.
01 Jul 2014
Former Damco head Rolf Habben Jansen takes over as CEO of Hapag-Lloyd, effective today.
Ocean carrier rate revision roundup for June 27
27 Jun 2014
Several container lines have planned general rate increases in multiple trade routes to take effect in July, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Ocean Carrier Rate Revision Roundup for June 20
20 Jun 2014
Several container lines have planned general rate increases in multiple trade routes to take effect in July...