Seaspan Corporation announced the delivery of its 20th vessel, the Santos Express. The 4250 TEU vessel, which was built by Samsung Heavy Industries Co. Ltd., was delivered approximately seven weeks ahead of its contractual delivery date. The Santos Express is the seventh of nine Seaspan vessels to be chartered to Hapag-Lloyd USA. "The delivery of the Santos Express is another milestone in the development of our company," said Gerry Wang, Chief Executive Officer of Seaspan. "We are pleased to have 20 vessels operating worldwide and we look forward to the deliveries of the 21 additional vessels we have contracted to acquire over the next three years."
The board of CP Ships Limited has appointed Adolf Adrion new CEO effective 1st January 2006 following the completion of the acquisition of CP Ships by Hapag-Lloyd at the end of 2005 The new CFO will be Ulrich Kranich, effective 1st February 2006. Mr Adrion, also executive board member of Hapag-Lloyd AG, is retaining his previous responsibilities and is taking over from former CP Ships CEO Ray Miles, who stepped down from his post on 31st December 2005.
Jesper Praestensgaard, responsible for Global Markets & Global Accounts is to leave the company in June 2013. Hapag-Lloyd announce that the executive board member will be leaving the Company at his own request in June in order to take on new challenges. “Hapag-Lloyd would like to thank Jesper Praestensgaard for his dedication during this time and would like to wish him all the best for the future, both privately and professionally,” says Dr Jürgen Weber
The board of CP Ships Limited has appointed Adolf Adrion new CEO effective 1st January 2006 following the completion of the acquisition of CP Ships by Hapag-Lloyd at the end of 2005 The new CFO will be Ulrich Kranich, effective 1st February 2006. Adrion, also executive board member of Hapag-Lloyd AG, is retaining his previous responsibilities and is taking over from former CP Ships CEO Ray Miles, who stepped down from his post on 31st December 2005.
As the first liner shipping company worldwide Hapag-Lloyd has today been awarded the GL Excellence – 5 Stars newly introduced by Germanischer Lloyd. The award is for the introduction of high standards of safety and security, environment and quality. The certificate was awarded by Germanischer Lloyd (GL), one of the world’s leading classification societies. GL provides a kind of ships’ validation, surveying the technical safety of ships, issuing building regulations
Enhanced service network between Japan and South East Asia / Port rotation includes four Japanese ports / First sailing mid of March. Hapag-Lloyd is launching the new Japan-Singapore-Jakarta service (JSJ) which will commence on March 12 from Singapore. The new service will further enhance Hapag-Lloyd’s service network between Japan and South East Asia, and offer fast and reliable transit between Japan, Singapore and Jakarta.
Liner shipping company Hapag-Lloyd has signed agreement for GAC Group to handle its vessels in Nigeria and Ghana Leading global liner shipping company Hapag-Lloyd has signed an agreement with the GAC Group to handle their vessels calling at ports in Nigeria and Ghana. Under the deal, GAC will act as full liner agents for Hapag-Lloyd, actively selling its liner services in the region, as well as providing a range of shipping agency and complementary services for its fleet.
Freight rates have come under pressure in recent months with the entry of new players into the North Atlantic market. Moreover, costs, particularly for charters, bunkering and additional security measures, have risen. Hapag-Lloyd has thus decided to raise freight rates for the North Atlantic and for the US Gulf and the US West Coast with effect from February 1st 2007. The increase amounts to $200 for a 20-ft. container and $250 for a 40' container.
CP Ships and Hapag-Lloyd announced that in February 2006 they plan to launch a new Australasian joint service linking Australia, New Zealand, South East Asia, the Mediterranean and North Europe via the Suez Canal. It will have weekly frequency and be supported by twelve 2000-2500 teu ships. CP Ships and Hapag-Lloyd are discussing with other interested parties possible participation in the new service and are also in the process of
At its meeting today, the Supervisory Board of Hapag-Lloyd AG has set the course at an early stage for maintaining continuity in the Executive Board of Germany’s largest liner shipping company. Rolf Habben-Jansen will succeed Chief Executive Officer Michael Behrendt, who is set to leave in the middle of next year. Habben-Jansen has been appointed to the Executive Board of the company with effect from April 1
The P3 agreement between Maersk, MSC, and CGM CMA continues to roil the waters. While the agreement’s pros-and cons are about to be scrutinized in an upcoming meeting between America’s Federal Maritime Commission, the European Competition Commission
Members of the G6 Alliance released details on port rotations for the proposed service expansion to the Asia-North America West Coast and Trans-Atlantic trade lanes, announced in early December last year. Subject to the completion of regulatory review process
Hapag-Lloyd mourns the loss of former Executive Board chairman Hans Jakob Kruse, who led the company from 1973 until 1993. On February 4, Hans Jakob Kruse died in Hamburg at the age of 84. He was the chairman of the Hapag-Lloyd Executive Board for two decades from 1973 until 1993.
Talks between German containership company Hapag-Lloyd and Chilean fellow shipping company Cia. Sud Americana de Vapores SA (CSAV) about combining the container liner shipping activities are entering the next phase, Hapag-Lloyd said in a press release today
Maritime research company, Drewry, said in this week’s container insight report that it is not just on the East-West routes that big container lines are consolidating, but consortia have also been expanding in North-South tradelanes, thereby reducing the number of weekly services available
The G6 Alliance, which consists of members APL, Hapag-Lloyd, Hyundai Merchant Marine, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Orient Overseas Container Line, announced the cancellation of two Asia-Europe sailings in response to seasonal changes in market demand.
Hapag-Lloyd and CSAV are currently maintaining dialogue regarding the possibilities of mutual interest should the companies engage in a business partnership or any other form of association. To date, these discussions have not resulted in any binding or nonbinding agreement between the parties.
Drewry’s analysis of ocean carriers’ latest financial results shows significant changes in cargo market shares, but how much of it is due to service differentiation is unclear. Ocean carriers’ third quarter financial results reported so far reveal that the largest
Following on from the second quarter, Hapag-Lloyd once again generated a profit in the third quarter of the current financial year, primarily as a result of substantial cost reductions. Between July and September 2013, the group recorded a profit of €16
Eight void sailings in Asia-Europe trade / Response to expected low demand. Members of the G6 Alliance have announced the withdrawal of eight Asia-Europe sailings from late October 2013 to February 2014, in response to expected low demand over the winter season
Hapag-Lloyd will implement GL HullManager as their central monitoring and reporting tool for hull maintenance activities. GL HullManager is a part of DNV GL’s fleet management software portfolio and provides ship owners, managers and operators hull inspection and thickness measurement support
Volume of EUR 250 million / Coupon at 7.75% / Bond was several times oversubscribed. Hapag-Lloyd AG has successfully placed a bond with a volume of EUR 250 million with institutional investors. The bond with a maturity of five years has a coupon of 7
As part of its vessel maintenance program and in connection with the national holiday in China, members of the G6 Alliance have announced two voyages to be cancelled in early October. The void sailings will be made on the following two services:
Hapag-Lloyd Holding AG will merge with Hapag-Lloyd AG, retrospective with effect from January 1, 2013. “This step is taken in order to simplify the group structure of Hapag-Lloyd and does not have any impact on shareholder equity”, said Jürgen Weber
Group profit of €20.9 million in Q2 / Operating result more than doubled compared to last year / Transport volume increases by 2.3% Hapag-Lloyd returned to profitability in the second quarter of the current financial year, reporting a Group profit of €20