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Lufthansa News

18 May 2022

French Shipping Firm CMA CGM to Buy Stake in Air France-KLM

Credit: CMA CGM

French shipping firm CMA CGM will take a stake in Air France-KLM as part of an air cargo partnership, betting on growing demand for flying goods around the world as supply chains remain snarled in the wake of the pandemic.CMA CGM will take up to 9% of Air France-KLM, worth about 240 million euros ($252 million) based on Tuesday's closing price, part of a possible capital increase by the airline group for the duration of their partnership that is initially set to run for 10 years…

14 Feb 2022

A New Onassis? Italy's Sea Captain Swoops on Reborn Alitalia

© eyewave / Adobe Stock

Sixty-five years after Aristotle Onassis founded Greece's Olympic Airways, another shipping entrepreneur is planning to take to the skies - this time in Italy, where Gianluigi Aponte's MSC has its sights on the successor company to Alitalia.The 81-year-old, known as "the captain" after building his shipping empire from a single vessel, is hoping to forge an air freight and passenger business to dovetail with MSC's sea cargo and cruise operations.But there are big challenges.Alitalia stumbled for years…

08 Feb 2022

Hapag-Lloyd Sees Freight Pressure Easing from Q2

© olrat / Adobe Stock

German shipping company Hapag Lloyd expects delivery bottlenecks and high prices for container freight to start easing in the second quarter, its chief executive said.Assuming the current wave of the coronavirus pandemic is over, the loading and unloading of ships should function more smoothly, helping to reduce the lines of vessels waiting off the west coast of the United States, he said.“As soon as we have the current Omicron wave behind us, most people should be able to go to work again…

24 Jan 2022

MSC Wants to Buy an Italian Airline

© eyewave / Adobe Stock

Swiss-based shipping group MSC and German carrier Lufthansa want to buy the majority of Alitalia successor ITA Airways and have asked for an exclusivity period of 90 days to study the deal, MSC and ITA said on Monday.The state-owned airline, which began flying in October last year, is looking for an equity partner and has started informal talks with some potential suitors, in Europe and overseas, its chairman said this month.MSC said the interest in ITA stemmed from "the possibility of activating positive synergies ...

24 Jan 2022

Planes, Trains and Ships: Criminal Antitrust Enforcement Speeding Up for Transportation Sector

© enanuchit / Adobe Stock

The Biden administration recently issued a sweeping Executive Order [1] aimed at protecting and enhancing competition, and the transportation sector—including air, ocean, and rail—is among the industries specifically identified and likely to see heightened antitrust scrutiny under the new directives. This executive action was soon followed by the long-awaited announcement of Biden’s pick to lead the U.S. Department of Justice’s Antitrust Division (Division), Jonathan Kanter, who…

13 Aug 2020

AIDA Cruises Seeking German Government Aid

(Photo: AIDA Cruises)

Carnival Corp’s AIDA cruise operator is among a list of companies seeking state aid from the German government, the Business Insider website reported on Thursday.AIDA is seeking about half a billion euros ($591 million) in state aid, Business Insider said, citing a government list of companies requesting support, which also includes shipbuilder MV Werften and steel producer Georgsmarienhuette.The finance ministry declined to comment.AIDA is examining whether financing schemes offered by the government are suitable for the company, a spokesman said, adding he was not aware of any considerations

06 Apr 2016

Logistics Mergers Up, Says KPMG

Auditor KPMG says that the mergers and acquisitions (M&A) in the Transport sector will supersede the levels seen in 2015 this year. In 2016, mergers and acquisitions (M & A) in the Transport sector will supersede the levels seen in 2015 by exceeding the £ 52 billion mark, according to KPMG's latest Transport Tracker. The analysis found that the value of completed M & A transactions in 2016 will pass the 2015 mark, which rose for the third consecutive year, to a total of £ 48 billion. Further transactions worth approximately £ 66 billion were announced, hitting a record level of M & A activity in the sector in 2015. ASPAC targeted acquisitions contributed to 55% of the announced transaction values ​​in 2015…

08 Feb 2016

Shipping Line Consolidation: What Did the Airlines Do?

The container shipping industry is faced with the challenge of ever-decreasing freight rates that can only be served viably with larger, more efficient vessels. This problem is worsened by the industry’s average financial performance which does not generate the returns to invest in this new capacity without considerable financial risk. There are only two alternatives: either an all-out battle for market share in the hope that several lines simply abandon a particular trade or even exit the market completely allowing the surviving lines to capture the volumes freed up by these departing lines, or collaboration with other lines to allow more efficient and rational capacity utilisation.

28 Sep 2014

HPA to Introduce New Port Railway IT System

The Hamburg Port Authority (HPA) will implement the new Port Railway IT system, transPORT rail, in the night of 27 to 28 September 2014. To keep disruption on the tracks to a minimum, the switchover will take place overnight. The new system is another milestone in the HPA’s smartPORT strategy. Once in operation, the Port of Hamburg will have in place the most modern, produc-tion-optimising rail logistics information system in the world. transPORT rail coordinates train trips and track occupation, supports train loading processes in the Port of Hamburg and ensures the transparent exchange of data between all parties involved. In future, the approximately 115 railway undertakings (RU) operating in the Port of Hamburg will be able to rely on automated communication via a data interface.

29 Jul 2014

200th Airbus A320 Shipset Loaded for China

Loading of the 200th shipset A320 FAL at the Airbus quay in Finkenwerder (Photo: Airbus/Christian Brinkmann)

The 200th shipset for Airbus’s A-320 final assembly line (FAL) in Tianjin, China, was loaded on to the containership COSCO Hope at HHLA’s Container Terminal Tollerort on July 28 and dispatched onwards to Asia. Transport by sea to Tianjin lasts around 40 days. Four ‘shipsets’ per month are transported by containership from the Port of Hamburg to Tianjin. The forward and rear fuselages, tailplane and rudder, the main landing gear doors and the inner landing flaps are each transported by a special transport craft from Airbus pier in Finkenwerder to HHLA Container Terminal Tollerort.

13 Jun 2012

Hapag-Lloyd Supervisory Board Elects New Chairman

Dr Michael Frenzel, Chairman of the Executive Board of TUI AG, resigned from his position in the Hapag-Lloyd Supervisory Board as planned.   Dr Jürgen Weber, formerly Executive Board Chairman at Lufthansa, has been newly elected to the Supervisory Board as his replacement and was subsequently appointed the new Supervisory Board Chairman.   Dr Weber is already familiar with Hapag-Lloyd, having been a member of the Supervisory Board from 1992 to 1998. At that time Lufthansa still held a participating interest in Hapag-Lloyd.