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.

14 Jan 2016
The world’s fifth-largest container line, Hapag-Lloyd, expects no major tonnage changes on all-water container services through the Panama Canal before the end of this year.
18 Oct 2015
Charter rates are dropping fast for post-Panamax ships because of low demand, with rates for some midsize vessels dropping to 2013 levels.
14 Oct 2015
Hapag-Lloyd is scaling back plans for its initial public offering, and now plans to seek $300 million instead of the $500 million as it had previously announced.
12 Oct 2015
Hapag-Lloyd is pressing ahead with its initial public offering despite market volatility that has prompted some other German firms to re-think their share listing plans, the chief executive of the world’s fifth largest ocean carrier said.
28 Sep 2015
Hapag-Lloyd, the world's fifth-largest ocear carrier by capacity, today unveiled plans for an initial public offering before the end of the year that is set to raise around $500 million to help fund the acquisition of mega-ships and value the company at around 5 billion euros ($5.6 billion).
24 Sep 2015
Hapag-Lloyd announced it is upgrading its West Africa Express, or WSX, service by adding a direct westbound call at Durban, South Africa starting Oct. 17 with the arrival of the Busan Trader at the South African port.
23 Sep 2015
Rolf Habben Jansen, speaking to the JOC Container Trade Europe Conference in Hamburg, cites scrapping and the Panama Canal expansion among the reasons for long-term optimism for operators.
22 Sep 2015
Hapag-Lloyd’s October general rate increase and void sailings by CMA CGM in the same month suggest that carriers are failing to make rate increases stick on the oversupplied Asia-Europe route despite having issued more than 10 GRIs this year.
18 Sep 2015
Hapag-Lloyd is reportedly aiming for a stock market listing in mid-November that could value the German ocean carrier at around 5 billion euros ($5.6 billion).
26 Aug 2015
Hapag-Lloyd’s integration with CSAV dominated the new entity’s first-half results, with the group posting $180 million in net profit and a 45 percent increase in revenue compared to the first six months of last year.
21 Aug 2015
Hapag-Lloyd is said to have fast forwarded preparations for an initial public offering to September and could list its shares on the Frankfurt Stock Exchange as early as October.