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.

11 Nov 2015
Hapag-Lloyd posted a significantly improved operating profit, higher revenue and increased container volumes in the third quarter as the German ocean carrier benefited from its merger with Chile’s CSAV.
06 Nov 2015
Hapag-Lloyd made a lackluster stock market debut today with the German ocean carrier’s shares hovering around the 20 euros ($22) issue price in early trading on the Frankfurt exchange.
03 Nov 2015
Hapag-Lloyd today said it has raised around $300 million from its initial public offering which it will spend on new ships and containers.
30 Oct 2015
Hapag-Lloyd on Friday cut the price range for shares in its initial public offering, citing “ongoing market volatility.”
Hapag-Lloyd's Antwerpen Express
27 Oct 2015
Hapag-Lloyd has extended the share offer period for its initial public offering by a week to Nov. 3.
26 Oct 2015
Hapag-Lloyd today said its earnings outlook ahead of its initial public offering later this week remains unchanged following the Maersk Group’s profit warning.
19 Oct 2015
Hapag-Lloyd has got bids for all the shares it plans to sell in its scaled down initial public offering next week.
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.