Hapag-Lloyd: Share Purchase Welcomed

(Press Release)
Thursday, February 16, 2012

“Hapag-Lloyd, the management and all the employees are delighted with the solution and are pleased that this agreement was reached so fast”, Michael Behrendt, Chief Executive Officer of Hapag-Lloyd AG, said following the announcement that an agreement had been reached between TUI AG and the “Albert Ballin” consortium regarding the purchase of Hapag-Lloyd shares. “This is a good solution, as it further strengthens Hapag-Lloyd’s ties with Hamburg and its port.”

Hapag-Lloyd is the port of Hamburg’s most important customer. Together with its partner shipping companies, who also operate services to Hamburg through Hapag-Lloyd, the Company accounts for approximately half of all container handling there. It has five Asian partners thanks to the Grand Alliance which was initiated back in 1997 and the G6 Alliance which is scheduled to start in March of this year. More than a quarter of the 82 liner services operated by Hapag-Lloyd around the world call at Hamburg. Including feeder services, Hapag-Lloyd links the port of Hamburg with more than 215 ports on all continents.
Hapag-Lloyd is Germany’s largest liner shipping company, transporting more than five million containers (TEU) every year and generating revenue of around EUR 6 billion. Founded in Hamburg in 1847, the Company is represented in 114 different countries and employs approximately 6,900 people around the world, close to 1,700 of whom are based in Hamburg (shore-based and marine personnel). Hapag-Lloyd is currently training 190 young people, 85 of whom are in the marine division. Its fleet of 150 ships with a total capacity of nearly 680,000 TEU includes two modern training ships sailing under the German flag, which regularly call at Hamburg.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Seaspan Takes Delivery of New Containership

Seaspan Corporation (SSW) has accepted delivery of a 14000 TEU containership, the YM Wellhead.    The new containership, which was constructed at Hyundai Heavy Industries Co.

'Make in India’ - the Newbuzzword in Indian Shipping Sector

The Prime Minister Narendra Modi's  'Make in India’ initiative offers a plethora of opportunities in the maritime sector, particularly in shipbuilding, with the

Baltic Index Perks up on Increased Rates for Bigger Vessels

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Thursday as rates for bigger vessels rose.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pipelines Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1123 sec (9 req/sec)