Rolf Habben Jansen News

German container shipper Hapag-Lloyd said on Thursday the global oversupply of container ships and a crisis in the Red Sea will force it to cut costs in 2024, adapting sailings and ports following a bruising 83% fall in net profit.Ship operators face prolonged disruption while Yemen-based Houthi militants are attacking vessels travelling on one of the world's busiest routes, wiping out the benefit from higher freight rates with costly redirections around Africa.Hapag-Lloyd's problems chime with those of competitors such as Maersk and CMA CGM, exacerbated by the arrival of additional ships orde

As the IMO prepares for negotiations on regulations to support net-zero by 2050 at MEPC 81 in March, the World Shipping Council (WSC) has proposed a greenhouse gas pricing mechanism it calls the Green Balance Mechanism.The aim is to provide a new approach to greenhouse gas pricing which makes it possible to close the price gap between fossil fuels and green fuels, at the lowest possible overall cost:• Through the Green Balance Mechanism, fees are taken from fossil fuels and allocated to green fuels used…

Hapag-Lloyd and Maersk signed an agreement for a new long-term operational collaboration called Gemini Cooperation, aiming to start in February 2025.Simultaneous with the announcement, Hapag-Lloyd informed its partners in THE Alliance that it would end its participation in January 2025. In a press call with journalists, Rolf Habben Jansen, CEO, Hapag-Lloyd stressed this is “not a decision against THE Alliance, this is a decision for Gemini Corporation.”“This is about bringing schedule reliability to the next level…

Shipping industry majors Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ‘Gemini Cooperation’, which will start in February 2025.The ambition is to deliver a flexible and interconnected ocean network with industry-leading reliability.The new cooperation between the companies will comprise a fleet pool of around 290 vessels with a combined capacity of 3.4 million containers (TEU). Maersk will deploy 60% and Hapag-Lloyd 40%, the shipping giants said.As a part of the agreement…

The CEOs of leading global shipping lines issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the IMO to create the regulatory conditions to accelerate the transition to green fuels.The only realistic way of meeting the IMO’s 2030, 2040 and net-zero 2050 goals is to transition from fossil to green fuels at scale and at pace, they say.Their joint declaration calls for:• An end date for new building of fossil fuel-only vessels and a clear GHG Intensity Standard timeline to inspire investment confidence…

Global shipping markets, which are due to add more capacity than anticipated demand will support, have a good chance of rebalancing within two years, the chief executive of Germany's Hapag-Lloyd told reporters on Thursday."The gap between supply growth and demand growth is possibly smaller than people think and therefore, the outlook that the market may recover to a more balanced situation in one or two years is better than most people feel," said CEO Rolf Habben Jansen.The company, the world's number five in container shipping, earlier this month said it will cut some services to save costs a

German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.2 billion euros ($3.43 billion) for the first nine months of 2023, down by 77% from a year earlier, and cut its forecasts for full-year earnings.Net profit was down from 13.8 billion euros in comparable 2022 when the shipping industry, a proxy for global trade, boomed amid post-pandemic recovery and because logistics disruptions drove up prices for consumers.This year, the global economic slowdown and the clearing of port log-jams sent freight rates down sharply…

The head of German shipping firm Hapag-Lloyd, Rolf Habben Jansen, expects the next three years to be difficult because demand for shipping services is growing more slowly than available shipping capacity, he told the Welt am Sonntag newspaper.Despite that, he thought the downturn in the sector would be less severe than in the period following the global financial crisis in 2008 when new capacity due to launch amounted to 55% of the existing fleet. Now, the equivalent figure is just 27%.Freight rates had fallen by around 60% year-on-year…

German container shipping giant Hapag-Lloyd on Monday welcomed into its fleet the “Berlin Express”, the first ship of its new Hamburg Express class. At an event attended by some 300 guests from business and politics, naming patron Elke Büdenbender performed the ceremonial christening of the ship at the Container Terminal Burchardkai (Athabaskakai) in the Port of Hamburg. Among the guests were Peter Tschentscher, the First Mayor of Hamburg, and Daniel Günther, the Minister President…

Hapag-Lloyd CEO Rolf Habben Jansen said on Thursday that it would not be in the container shipper's interest to make a counter offer for HHLA, the main operator of Hamburg port, and may instead cut its traffic through the hub.On Wednesday, Switzerland-based MSC, the world's biggest container shipping company, offered to buy almost half of the port operator in a deal that could be worth nearly 1.3 billion euros ($1.4 billion).Speaking to Reuters in an interview, Habben Jansen said that as a result of MSC's bid…

Transatlantic shipping freight rates have come under pressure from slack demand, meaning ship operators must watch costs, the chief executive of Germany's Hapag-Lloyd said on Monday."Rates have definitely collapsed, and that means we have to start looking at our costs, which have gone up," said Rolf Habben Jansen, CEO of Hapag-Lloyd, the world's fifth biggest container liner, in a call with journalists.He listed higher wage inflation, fuel prices, and terminal and timecharter costs, adding that the cost concerns could mean that certain voyages were cancelled.(Reuters - Reporting by Vera Eckert

The drought-hit Panama Canal has temporarily limited the number of new reserved passage slots to help ease a bottleneck of ships that are waiting to transit without reservations, the waterway's authority said on Thursday.A logjam of commercial vessels seeking to pass through the canal, one of the world's busiest trade passages, has sent companies that typically use the waterway chasing alternative routes, according to executives and data.Any delay or disruption can put shippers on edge.

German container shipper Hapag-Lloyd HLAG.DE on Thursday posted net profit of 2.9 billion euros ($3.18 billion) for the first half of 2023, down by 67% from a year earlier, but maintained its full year earnings forecast.The net profit compared with 8.7 billion euros in 2022 when shipping, a proxy for global trade, enjoyed a boom as economic growth rebounded following the end of pandemic lockdowns and as logistics disruptions raised freight rates for customers. Rates have since fallen as logjams have eased and the economy is slowing.

Global container shipping freight rates have reached unsustainable levels and must rebound, the chief executive of Germany's Hapag Lloyd, the world's number five operator by volume, said on Tuesday."There are spot rates that are clearly below cost," said CEO Rolf Habben Jansen in a call with journalists."In the long run, that typically does not hold.

German container shipping company Hapag-Lloyd announced Joerg Sonne will become Senior Managing Director Region North Europe, succeeding Martin Rolf, who will take over the position of Managing Director Human Resources.Sonne joined Hapag-Lloyd as a result of the merger with UASC and successfully led Area Arabian Gulf from 2017 to 2022. For the last eight months, he has served as Managing Director Area Germany & Central Europe. He will be based in Hapag-Lloyd’s headquarters in Hamburg.“In recent years…

The end of the 2M container shipping alliance between Danish operator Maersk and Swiss-based MSC is unlikely to have a bearing on other alliances, under which groups of carriers cooperate, the head of Germany’s Hapag-Lloyd said on Thursday.“The fact that Maersk and MSC will not continue after the end of 2024 is not a huge surprise as the companies have vastly different strategies,” said CEO Rolf Habben Jansen in a call with analysts.“I don’t think that will have massive effect on the other alliances,” he added, saying Hapag-Lloyd’s contracts to participate in THE Alliance will last up to 2030.

German container liner Hapag-Lloyd sees great opportunity in India where containerization levels are still low, chief executive Rolf Habben Jansen told reporters on Thursday. Having accompanied German Chancellor Olaf Scholz on a recent visit, he came away with optimism, Habben Jansen said at an earnings press conference. "We are certainly committed to that market...it is going to grow faster than average, and if you want to grow in a market, it is important to have a good position there," he said. (Reuters - Reporting by Vera Eckert, Editing by Friederike Heine)

Container freight rates will keep declining in the current realignment of shipping demand and supply, said the chief executive of Germany's liner Hapag Lloyd, the world's number five by transport capacity."The party is over. We are back to a normal shipping business," CEO Rolf Habben Jansen told reporters at a briefing late on Tuesday on the state of the market, in which his company reported sky-high profits for three years running."Now we have to fight for every box again to get our ships full," he said.

German shipping company Hapag-Lloyd announced it has signed a binding agreement today under which it will acquire 35% of J M Baxi Ports & Logistics Limited (JMBPL) from a Bain Capital Private Equity affiliate.Additionally, Hapag-Lloyd AG signed a binding agreement with JMBPL and its promoters, the Kotak family, to subscribe to a capital increase by the company and raise Hapag-Lloyd’s shareholding to 40%. The contracting parties agreed to not disclose any financial details of the deal.J M Baxi Ports & Logistics Limited is a private terminal and inland transport service provider in India.

Germany's Hapag-Lloyd is seeing a small uptick in demand for shipping after a decline in recent months, but the company on Tuesday reiterated its more muted outlook for the industry as pandemic disruption fades.The container business, a bellwether of global economic trends, had seen a noticeable contraction in demand in September and October as economies around the world grappled with sharply spiking inflation and cost-of-living crises in the wake of Russia's invasion of Ukraine."I don't think the market is as weak as it was four or eight weeks ago…

Hapag-Lloyd AG and SM SAAM have signed a binding agreement under which Hapag-Lloyd will acquire 100 % of the shares of SAAM Ports S.A. and SAAM Logistics S.A. and thereby the entire company’s terminal business and associated logistics services.The contracting parties agreed upon a price of around $1 billion, which also includes real estate assets related to the logistics business.Chile-based SM SAAM is a terminal operator, logistics company, and towage provider active in multiple countries in the Americas.

German container shipper Hapag-Lloyd is spending billions on expanding and renewing its fleet and looking at investing in more port infrastructure to extend its edge in the post-COVID 19 world economy, chief executive Rolf Habben Jansen told Reuters.The Hamburg-based company, the world's fifth-biggest container line, is armed with a huge war chest after reporting record earnings during the coronavirus crisis, which dislodged shipping capacity, clogged up ports and drove up freight rates."We have currently ordered 22 ships, twelve of them with 24,000 TEU (20-foot equivalent units) and ten with

German container shipper Hapag-Lloyd on Thursday posted a net profit of 8.7 billion euros ($8.94 billion) for the first half of 2022, more than three times as much as a year earlier, but said war in Ukraine and the coronavirus crisis somewhat clouded its prospects.The company, the world's fifth-biggest container line, upheld forecasts made on July 28 for full year 2022 earnings before interest, tax, depreciation and amortization to range between 18.2 billion and 20.1 billion euros, and for earnings before interest and tax to come in between 16.3 billion and 18.2 billion euros.But the forecast