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.

Webcasts

Midyear Trucking Report: Is a Rally or Retreat Ahead?
Aug 25, 2016 2:00PM EDT
OOCL is joining several other container lines an effort to prop up rates via general rate increases on August 1.
19 Jul 2016
The August 1 rate increases on Asia to Europe and the Mediterranean are beginning to roll.
18 Jul 2016
Hapag-Lloyd and United Arab Shipping Company Monday signed a merger agreement.
07 Jul 2016
“The commitments aim to increase price transparency for customers and to reduce the likelihood of coordinating prices,” the European Commission said.
29 Jun 2016
United Arab Shipping Company’s shareholders voted for a merger with German carrier Hapag-Lloyd.
28 Jun 2016
Hapag-Lloyd Tuesday said it had reached an agreement on the terms and conditions of a merger with United Arab Shipping Co.
23 Jun 2016
Hapag-Lloyd is the latest container line to link up with Inttra.
21 Jun 2016
Container lines are postponing peak-season surcharges on the trans-Pacific.
06 Jun 2016
Hapag-Lloyd and Compagnie Maritime Marfret leaving United States/Australasia Discussion Agreement
02 Jun 2016
The shareholders of United Arab Shipping Co. signaled support for a proposed merger with Hapag-Lloyd.
01 Jun 2016
French container line offers online page to help customers.
25 May 2016
Hapag-Lloyd has postponed its annual shareholders’ meeting scheduled for June 1.
23 May 2016
Though a recently formed container line alliance appeared to be hastily thrown together, it is planning an extensive and trouble-free integration of its fleet.