Hapag-Lloyd Re-elects Behrendt as Chairman

Maritime Activity Reports, Inc.

June 12, 2019

Michael Behrendt. Photo: Hapag-Lloyd AG

Michael Behrendt. Photo: Hapag-Lloyd AG

German-based cargo container shipping line Hapag-Lloyd AG's shareholders approved the proposal of the Supervisory Board to re-elect Michael Behrendt to the Supervisory Board as a shareholder representative.

After being re-elected to the Supervisory Board and following the AGM, Behrendt was also confirmed by his fellow Supervisory Board members as its Chairman. Michael Behrendt has been a member of the Supervisory Board of Hapag-Lloyd AG since 2014.

“The clearness of the election results is an incentive for me. I would particularly like to thank the shareholders for their faith, and I look forward to continuing to work on the Supervisory Board as well as to enjoying the constructive support of the Executive Board,” said Michael Behrendt, Chairman of the Supervisory Board of Hapag-Lloyd AG.

Hapag-Lloyd AG shareholders also approved with the required majority all items on the agenda put to the vote at the Annual General Meeting (AGM) in Hamburg. This included an agreement upon the use of the net profit and thereby the payment of a dividend of EUR 0.15 per share.

“We achieved good results in the last financial year and strategically repositioned ourselves, thereby setting the course for the coming years. I am very pleased that our shareholders have followed the proposal of the Executive Board and the Supervisory Board to also pay a dividend for the 2018 financial year. In addition, we took the positive momentum of the second half of the year with us into 2019 and got the first quarter off to a strong start,” said Rolf Habben Jansen, CEO of Hapag-Lloyd AG.

He added: “Looking ahead, we want to increase our revenues, further reduce debt and continue to implement our Strategy 2023. This is in line with our ambition to become the number one for quality and to thereby create added value for our customers and our shareholders.”

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