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.

18 Aug 2014
Multiple container lines have planned general rate increases in numerous trade lanes in August, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
Hapag-Lloyd containers
17 Aug 2014
Even with sustained growth in volumes across all major trade lanes, Hapag-Lloyd’s loss widened in the first half of 2014, in large part because of falling and volatile freight rates.
Weekly wrap-up for Aug. 16, 2014
16 Aug 2014
Diversions related to the ongoing negotiations on the U.S. West Coast between the International Longshore and Warehouse Union and the Pacific Maritime Association continue to have an impact elsewhere.
13 Aug 2014
Following up on an announcement last week by DP World that it is not accepting U.S.-bound rail cargo at its Vancouver, British Columbia, terminal, Hapag-Lloyd advised customers that two voyages this week will discharge containers at U.S. West Coast ports.
Hamburg Express Hapag-Lloyd vessel
12 Aug 2014
Hapag-Lloyd swung to a €54.2 million ($72.6 million) net loss in the second quarter from a €20.9 million profit a year ago as falling freight rates and a weaker dollar offset a modest increase in container traffic.
Ocean carrier rate revision roundup for August 8
08 Aug 2014
Major container lines announced general rate increases taking place in mid-August through October this week.
08 Aug 2014
Hapag Lloyd today announced it will divert three more Asia-Europe port calls to Antwerp, fueling concern that berthing delays at Europe’s biggest container hub will persist into the fall.
Hapag-Lloyd's Kyoto Express container ship
06 Aug 2014
The U.S. Department of Justice and the Federal Trade Commission cleared the planned merger between Hapag-Lloyd and Compania Sud Americana de Vapores, which will create the world’s fourth-largest ocean container line.
05 Aug 2014
CSAV has raised $108 million from its shareholders to enable it to complete the financing for seven container ships under construction and to meet conditions of its planned merger with German container line Hapag-Lloyd.
01 Aug 2014
The G6 Alliance is performing abysmally compared with its competitors when it comes to schedule reliability, according to a new SeaIntel report.
Ocean carrier rate revision roundup for August 1
01 Aug 2014
Several container lines announced this week general rate increases for the month of September.
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.