The cuts come even amid reports of Brazilian coffee and cotton exporters scrambling for outbound capacity out of the ports of Santos and Vitoria.
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Hapag-Lloyd
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.
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Nov 27, 2018 2:00PM EST
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Dec 13, 2018 2:00PM EST
Press Releases
29 Nov 2018
Alphaliner offered telling data on ocean carrier third-quarter operating margins compared with a year ago, and despite higher shipping demand and revenue, the margins are a source of concern.
28 Nov 2018
How prudent is the move by selected container lines to redefine and reposition themselves as end-to-end logistics providers? Does it represent a necessary competitive adjustment, in order to be compensated in kind and defend against disruption by new industry actors? Or does it risk losing sight of the underlying container shipping business?
21 Nov 2018
The ocean carrier expects its Strategy 2023 plan will result in substantial cost savings through a focus on improving quality for customers, selective global growth, and a targeting of customers prepared to pay more for better service.
15 Nov 2018
Rather than developing a platform, the ocean carriers involved are taking another approach to try to achieve the goal of common information technology standards.
12 Nov 2018
Rising volume and revenue by shipping lines — often double-digit increases year over year — has not been accompanied by rates rising to levels that are able to offset the effects of steadily escalating bunker fuel costs.
08 Nov 2018
Hapag-Lloyd became the latest example of how rising volume and revenue is being thoroughly eroded by increasing bunker fuel prices.
06 Nov 2018
A report on the status of instant quotes in container shipping.
22 Aug 2018
Sailing withdrawal announcements on trades between Asia, North Europe, and the Mediterranean are beginning to flow in for the slow season, as ocean carriers implement actions to rebound from first-half losses. Left unresolved, however, is whether carriers will cut capacity like they did on the trans-Pacific during the US ocean peak season.
10 Aug 2018
“For the remainder of the year, we see a slow but steadily improving market environment, but we recognize that there are still significant geopolitical uncertainties that could influence the market,” said Rolf Habben Jansen, CEO of the world’s fifth-largest ocean carrier.
06 Aug 2018
The water level of the Upper Rhine is getting close to a critical point and barge operators are being forced to suspend their operations or only use one-third of their capacity, according to Hapag-Lloyd.
30 Jul 2018
At mid-2018, nearly every segment of Europe’s supply chain is straining to keep pace with strong container shipping volume growth — particularly barge and inland haulage. The good news is Europe’s impressive trade growth story continues — a welcomed economic rejuvenation.
01 Jul 2018
Like the US airline industry earlier, the global container shipping industry has reached a point where cost cutting and mergers will yield little if any additional value. This is the view of a longtime carrier executive, a Maritime Hall of Fame inductee who argues creating value for customers will characterize the current era, with customer service the first visible change area.
01 Jun 2018
Ocean carriers’ fixed costs rose in the first quarter, and surcharges ensued. However, the hikes occur even as the surplus capacity issue lingers, prompting debate regarding whether carriers can maintain the surcharges.
30 May 2018
Concerning the peak season fee, at the same time that Hapag-Lloyd added a $1 fuel surcharge, the ocean carrier surprised the market with a peak season surcharge of $55 per TEU that it said will be levied from June 1 on all trades out of China.
15 May 2018
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.
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.
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