The Business Times
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hapag-lloyd

Global Enterprise

Oil and gas majors and traders suspend shipments via Hormuz: sources

Hapag-Lloyd will acquire Zim’s international activity including dozens of shipping vehicles, and global shipping lines.
Companies & Markets

Hapag-Lloyd in talks to buy Israel’s Zim Integrated Shipping; sale price to exceed US$3.5 billion

Hapag-Lloyd narrowed its full-year earnings before interest and taxes (Ebit) forecast to between 0.5 billion and 1.0 billion euros.
Global Enterprise

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

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

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

“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.
Transport & Logistics

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

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.
Transport & Logistics

Hapag-Lloyd to seek cost cuts after net profit slump

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.
Transport & Logistics

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

“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.
Transport & Logistics

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

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.
Transport & Logistics

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

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