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 July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Airbus May Sell Stake in Submarine Supplier

Airbus is considering a sale of its 49 percent stake in submarine supplier Atlas Elektronik as part of a reshuffle of its military business, German newspaper Die

W.Africa Crude Slow to Trade; Nigerian Glut Fading

Angolan cargoes for October loading are so far finding buyers slowly, traders said on Friday, while there were further signs that an overhang of September-loading Nigerian cargoes is being absorbed.

US Steel Producers Win Anti-dumping Case

The United States has approved anti-dumping duties against South Korea and other producers of steel pipes for the energy sector, a victory for domestic producers

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1138 sec (9 req/sec)