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.

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.
17 Aug 2015
Hapag-Lloyd is refusing to ship containerized hazardous cargo to and from Port of Tianjin after a shipment of dangerous chemicals handled by another carrier was blamed for deadly explosions at the 10th largest global container gateway last week.
27 Jul 2015
Hapag-Lloyd has announced a general rate increase for shipments from the Middle East and the Indian subcontinent to the United States and Canada, as trade has grown by double-digits.
24 Jul 2015
Less than a week after announcing an August general rate increase for shipments from Far East Asia, excluding Japan, to Middle Eastern Gulf ports, Hapag-Lloyd is increasing its rate $300 for shipments from the same area to the Red Sea as modest container volume growth in the Middle East makes itself felt in the market.
20 Jul 2015
Hapag-Lloyd and CMA CGM have implemented general rate increases on cargo bound for the Middle East from East Asia, as trade is forecast to build modestly.