hapag-lloyd

Hapag-Lloyd’s nine-month profit drops 50% as shipping market volatility persists

Security risks and US policy shifts unsettle demand and freight rates, hurting shipping profits

Hapag-Lloyd was using smaller vessels on the route to the US in some cases, while keeping the number of passages unchanged.

Hapag-Lloyd says 30% of China’s US bound shipments have been cancelled

Demand surges for consignments from Thailand, Cambodia, and Vietnam

“We have seen solid demand, particularly since May 1, that meets with limited availability, also because of the Red Sea situation, that’s why spot rates are going up,” Hapag-Lloyd CEO Rolf Habben Jansen said.

Hapag-Lloyd CEO sees solid shipping demand driving up freight rates

SOLID container shipping demand has driven up freight rates over the past two months, Hapag-Lloyd chief executive Rolf Habben Jansen said in a call with reporters on Wednesday (Jul 3).

Hapag-Lloyd posts a net profit of 3 billion euros (S$4.4 billion) for 2023, down from 17 billion a year earlier, and cut its dividend by to 9.25 euros per share from 63 euros.

Hapag-Lloyd to seek cost cuts after net profit slump

GERMAN container shipper Hapag-Lloyd on Thursday (Mar 14) said global vessel oversupply and a crisis in the Red Sea will force it to cut expenses in 2024, including adapting sailings and ports, after ...

Hapag-Lloyd, the world’s fifth biggest container liner, has joined other shippers in taking longer, costlier journeys around Africa, after one of its ships was attacked on Dec 15.

Red Sea crisis unlikely to end soon: Hapag-Lloyd CEO

ATTACKS on cargo vessels in the Red Sea by Yemen-based Houthi rebels are unlikely to end soon, forcing shipping companies to avoid the route through the Suez Canal, the head of Germany’s Hapag-Lloyd t...

“The conflict in the Red Sea negatively impacted transport volumes at the end of the year, as the rerouting of ships around the Cape of Good Hope extended voyage times,” Hapag-Lloyd says.

Hapag-Lloyd posts Q4 operating loss as Red Sea crisis weighs on volumes

HAPAG-LLOYD posted a wider-than-expected fourth-quarter operating loss due to lower transport volumes following the attacks on ships in the Red Sea, sending the container shipping group’s shares down ...

As a part of the agreement, called Gemini Cooperation, Hapag-Lloyd and Maersk have set the ambitious target of delivering schedule reliability of above 90 per cent once the network is fully phased in.

Hapag-Lloyd, Maersk announce deal for 3.4 million container alliance

HAPAG-LLOYD and Maersk have signed an agreement for a new long-term collaboration starting February 2025 with a combined capacity of 3.4 million containers (TEU), the two shipping companies said on We...