When ships sit outside ports and containers are not picked up and returned quickly, that loss of effective capacity causes record spot rates, high demurrage and detention costs, and lengthening transit times.
Hapag-Lloyd
Hapag-Lloyd
With a fleet of more than 220 modern container ships and a total transport capacity of roughly 1.6 million TEUs, Hapag-Lloyd is one of the world's leading container lines with about 12,000 employees and nearly 400 offices in more than 125 countries worldwide. Hapag-Lloyd’s containerized capacity of about 2.6 million TEUs, and includes one of the largest and most modern fleets of refrigerated storage ships.
Hapag-Lloyd’s 2017 merger with United Arab Shipping, then the world’s 18th largest container shipping company, added 53 vessels to Hapag-Lloyd’s fleet, and an additional capacity of about 400,000 TEUs, most notably for its service between the Middle East (Dubai) and the Indian subcontinent. Its wide range of containerized services cover a broad range of trade lanes for shippers involved in Atlantic Trade, Trans-Pacific Trade, and Europe-Asia trades.
Webcasts
Sep 15, 2021 9:00AM EDT
Sep 16, 2021 9:00AM EDT
Sep 30, 2021 10:00AM EDT
Press Releases
27 Jul 2021
The reopening of the US and European economies after last year’s COVID-19 lockdowns spurred a resurgence in the trans-Atlantic container trade as business activity in two of the world’s largest economies showed better than expected growth in May, with increases concentrated at US ports that have undergone major expansions.
25 Jun 2021
Hapag-Lloyd’s North American president said shippers face the prospect of elevated rates through 2022 as the ability of all ocean and motor carriers to inject additional capacity is at its limit.
24 Jun 2021
TradeLens has followed expansion into China with full integrations of Hapag-Lloyd and Ocean Network Express, meaning the platform now has five of the world’s top six container lines.
14 Jun 2021
Trans-Pacific carriers are expected to follow their June 1 general rate increase with another on June 15 as huge demand for space and increasing costs for equipment and trucking at Asian load ports continue unfettered.
17 May 2021
Hapag-Lloyd has announced three ad-hoc sailings between the Indian Subcontinent and the US East Coast in May and June to feed a resurgent market for US imports from India, Bangladesh, and Sri Lanka.
04 May 2021
Hapag-Lloyd said truckers in the port of New York and New Jersey will be able to start dropping off empties at a new container yard and that it is working to sweep up empties that have built up at marine terminals there amid the US import surge.
23 Mar 2021
Hapag-Lloyd hopes capital markets will underwrite its transition to a low-carbon future with plans to market its first “green bond,” with the new debt used in part to purchase ships that run on alternative fuels.
25 Feb 2021
With the deployment of LNG-powered ships in the trans-Pacific trade, CMA CGM is banking on North American shippers taking greater interest in the carbon output of their supply chains in the coming years.
24 Feb 2021
Container carriers that deployed extra loaders and those that provided express services in the resurgent Asia-US trade saw the largest volume gains in 2020
23 Dec 2020
Unprecedented trans-Pacific volumes and steadily growing exports of petrochemicals, agricultural products, and resins have prompted members of THE Alliance to launch a new direct service between Asia and the US Gulf.
08 Dec 2020
Hapag-Lloyd reporting stronger-than-expected volumes in the fourth quarter comes after global volumes rose 4.6 percent year over year in October, according to Container Trade Statistics.
30 Nov 2020
The impact of the COVID-19 pandemic on demand in the United States and the Caribbean and Central America caused two-way trade between the regions to contract in the first nine months of 2020.
23 Oct 2020
US exporters are crying foul as at least one trans-Pacific carriers has begun turning down shipments of low-revenue agricultural exports in order to expedite the return of empty containers to Asian load ports to carry much higher-paying US imports of consumer merchandise.
15 Oct 2020
On the same day Hapag-Lloyd upped its financial outlook, Moody’s Investors Service raised the carrier’s credit rating by one notch, with a stable outlook.
23 Sep 2020
Similar to the current market in the trans-Pacific trade, container freight rates from Asia to the East Coast of South America have been buoyed by surging consumer demand and a rush of exports leaving China ahead of Golden Week.
02 Sep 2020
Uptake in digital quoting tools at top container lines suggests every carrier will need that capability even if the usage and benefits of such tools aren’t yet clearly defined.
20 Aug 2020
A chassis dispute between trucking executives and ocean carriers has reached an impasse, spurring American Trucking Associations to seek a resolution from the US Federal Maritime Commission.
03 Aug 2020
Aggressive capacity management in response to the effects of the COVID-19 crisis and escalating tariffs has helped the top 10 container carriers operating in the Europe–US trade increase their share of the market so far in 2020.
30 Jun 2020
Retailers and forwarders say July 1 general rate increases (GRIs) could send spot container freight rates in the eastbound trans-Pacific to record levels.
02 Apr 2020
As consumer demand in the US plummets due to the coronavirus disease 2019 (COVID-19), trans-Pacific carriers are suspending entire strings in addition to blanking additional sailings from Asia in the second quarter.
05 Mar 2020
Dynamic ocean freight pricing — often conflated with instant quoting — can create some unintended consequences that rebound on the intermediaries upon which shippers rely.
27 Feb 2020
The addition of the new members in the Global Shipping Business Network will stoke competition in the race to develop platforms that link carriers, shippers, ports, terminals, customs authorities, and banks.
20 Feb 2020
Halifax and the ports of Montreal and Vancouver have endured cargo backlogs at marine terminals and disruption to domestic and international shipments.
19 Feb 2020
A weak container shipping environment in the fourth quarter was unable to prevent Hapag-Lloyd growing both revenue and average freight rates across the year.
18 Feb 2020
A rail blockade in Ontario as part of a more than week-long First Nation protest against a proposed oil pipeline in Canada remains in place, and CN’s eastern Canadian network is at a near standstill.
23 Jan 2020
A strike by French dockworkers this week is causing severe disruption to carrier schedules as port calls to Le Havre and Marseilles-Fos are cut.
08 Jan 2020
Members of THE Alliance are making plans to reshuffle their Asia-North Europe and Asia-Mediterranean networks in preparation for HMM, which will join the vessel grouping in April.
13 Dec 2019
A number of ocean carriers are adjusting their detention and demurrage fees in the next 30 days, causing shippers to pay more for these penalties being reviewed by the Federal Maritime Commission.
12 Dec 2019
Hapag-Lloyd has turned to Blume Global, which supplies a range of industry brand names, to help digitally manage its North American door moves.
01 Oct 2019
With liner schedule reliability a persistent bugaboo, the German container line is turning to Portchain to highlight in real time disruption to schedules.
30 Sep 2019
The convergence of contract and spot rates for ocean freight and the increased availability of instant digital quoting tools is pushing more cargo to the spot market and changing shipper negotiation strategies for long-term contracts.
16 Sep 2019
Container carriers in the slowing US import and export trades are exercising increased discipline, maintaining capacity levels rather than introducing new vessels in an attempt to secure a larger share of the market.
04 Jul 2019
Germany-based carrier Hapag-Lloyd is on a campaign to modernize its reefer fleet and has rolled out plans to bring all the containers online and trackable in real time.
04 Jul 2019
Carriers and shippers alike must adapt to the new realities of a container shipping market in which only a handful of large players control the vast majority of capacity.
02 Jul 2019
Maersk’s rival carriers understand their data will be kept private, and broader carrier acceptance will drive more value for shippers, Maersk’s TradeLens emphasized to JOC.com.
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