Higher costs have weighed on results, slightly offsetting the positive impact of stronger volumes. Still, a key CEO offered an encouraging evaluation regarding the second half of 2018.
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Hapag-Lloyd
Hapag-Lloyd is at present the world’s sixth-largest container line.
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 in 2014 merged with Chile's CSAV and in 2016 approved a merger with United Arab Shipping Company.
Webcasts
May 17, 2018 4:00PM EDT
Press Releases
12 Apr 2018
Sponsored: Hapag-Lloyd CEO Rolf Habben Jansen and JOC Senior Content Editor Alessandra Barret dive into the contentious issue of enforceable contracts in container shipping.
29 Mar 2018
After six years of losses, the container shipping industry ended 2017 with a profit of about $7 billion. Financial reports of the 13 carriers do show improvement but do not yet reflect a full recovery — a recovery that should continue in 2018, given the strengthening global economy, unless political issues intervene.
06 Mar 2018
Shippers may find that Hapag-Lloyd’s use of CargoSphere’s rate translation systems makes it faster and easier to see what their negotiated rates mean for the cost of sending cargo on different routes around the world.
28 Feb 2018
Hapag-Lloyd's 2017 results included seven months of United Arab Shipping Company's performance data; even so, the strong increase in volume and revenue did little to boost average freight rates.
30 Nov 2017
Six months after the merger process started, UASC was integrated with German carrier Hapag-Lloyd.
14 Nov 2017
UASC is making its presence felt as the carrier is merged into Hapag-Lloyd operations.
17 Oct 2017
Debt levels will be targeted by German carrier Hapag-Lloyd's capital increase that was successfully completed on Oct. 16.
19 Sep 2017
Container shipping’s supply and demand gap is set to converge in 2018.
14 Sep 2017
US maritime regulators on Thursday voted to allow ocean carrier members of THE Alliance to form an emergency fund.
31 Aug 2017
This resource includes customer updates from logistics companies and transportation providers, and ways people can contribute to charitable organizations to help those affected by the storm and flooding.
29 Aug 2017
Transport volume grew by 14 percent to 4.22 million TEU.
23 Aug 2017
The service, which will run until February, began last week.
21 Aug 2017
The new investment brings its total venture capital funding to $13 million.
27 Jul 2017
Surcharge comes as ports, carriers prepare for surge in synthetic resin exports.
13 Jul 2017
The increased shareholding followed the sale earlier this week of the remaining 8.5 million shares in Hapag-Lloyd held by TUI Group.
11 Jul 2017
The deal comes just over two months after Hapag-Lloyd sealed its merger with United Arab Shipping Company.
05 Jul 2017
The notes will be listed on the Luxembourg Stock Exchange.
28 Jun 2017
Hapag-Lloyd has been taken off Standard & Poor’s CreditWatch.
16 Jun 2017
Maersk Line and Hapag-Lloyd will post sharply higher earnings this year.
05 Jun 2017
German carrier Hapag-Lloyd has become the second liner operator this month to impose a booking cancellation fee after CMA CGM.
30 May 2017
The shareholders also approved the expansion of the company’s supervisory board.
24 May 2017
Hapag-Lloyd joins group of carriers that charge for refrigerated container gensets.
24 May 2017
“This is an important strategic milestone and a big step forward for Hapag-Lloyd.”
12 May 2017
Hapag-Lloyd’s net loss widened in the first quarter.
24 Mar 2017
Hapag-Lloyd said it’s facing a challenging start to 2017.
17 Mar 2017
The two carriers had planned to close on the transaction by March 31.
09 Mar 2017
THE Alliance on Thursday released details on its 32 joint services.
28 Feb 2017
Hapag Lloyd CEO Rolf Habben Jansen said the year is off to a strong start, after the container carrier reported a decline in operating profit in 2016.
16 Jan 2017
Bond issuance comes ahead of its merger with United Arab Shipping Co.
21 Dec 2016
Hapag-Lloyd says it is confident of closing on the merger with United Arab Shipping Company very soon following reports the deal faces delay over financing issues.
14 Dec 2016
The fight between the three major shipping alliances on US trades officially starts in April.
06 Dec 2016
The original language would have expanded the antitrust immunity of container shipping alliances.
29 Nov 2016
US Federal Maritime Commission member William Doyle said the FMC should be “very cautious” about allowing container lines to use their alliances’ antitrust immunity to deal collectively with US service providers.
23 Nov 2016
Merger will create the world's fifth-largest container line.
22 Nov 2016
The merger would create the fifth-largest container line.
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