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.

29 Jun 2016
United Arab Shipping Company’s shareholders voted for a merger with German carrier Hapag-Lloyd.
27 Apr 2016
Standard & Poor’s has placed Hapag-Lloyd on negative credit watch.
21 Apr 2016
Hapag-Lloyd and United Arab Shipping Company are in merger talks, in a surprise move that will accelerate consolidation in the troubled container shipping industry.
31 Mar 2016
Container lines in the G6 Alliance have canceled additional sailings on Asia-Europe routes where demand has been slack and rates have plunged to rock-bottom levels.
29 Mar 2016
Hapag-Lloyd must become bigger to compete with the leading container lines in a fast-consolidating market, the German carrier’s largest individual shareholder said.
23 Mar 2016
Hapag-Lloyd swung to a net profit of 114 million euros ($128 million) last year from a 604 million euro loss in 2014, posting its first year in the black since 2010 and closing the gap with industry pacesetters.
04 Mar 2016
Mundra, a privately-operated, minor cargo complex with modern infrastructure and ample hinterland connectivity, is emerging as an attractive port call for major container lines operating to and from India.
03 Mar 2016
Hapag-Lloyd plans to more aggressively seek shipments too large or heavy to fit into standard containers, and has established teams in Asia and the Americas to focus on oversize cargo.
23 Feb 2016
Hapag-Lloyd swung into profit in 2015 as cargo volume and revenue soared in the first year of its merger with the container arm of Chile’s CSAV.
19 Feb 2016
Hapag-Lloyd warned shippers Friday that it will not load their containers if they are not accompanied by a verified gross mass under the international container weight mandate that comes into effect in July.
19 Feb 2016
Hapag-Lloyd has started to pilot a collaborative, cloud-based stowage planning system that makes stowage plans and cargo data available to vessels in port and to terminal operators.
16 Feb 2016
CMA CGM and Cosco are leading efforts to create a new vessel-sharing alliance that could include Evergreen Line and OOCL and would shake up three of the four major east-west carrier groupings, the Alphaliner newsletter reported.