Hapaglloyd Ag News

07 Jan 2020

Hapag-Lloyd Opens Center in Mauritius

Image: Hapag-Lloyd

German international shipping and container transportation company Hapag-Lloyd AG has opened a new Quality Service Center (QSC) in Mauritius. The QSC will explicitly serve Africa, one of Hapag-Lloyd's fastest growing markets.Quality Service Centers are an important cornerstone of Hapag-Lloyd´s Strategy 2023. They gather selected functions from different Areas under one roof, enabling synergies and delivering on the Quality Promises towards the customers.Hapag-Lloyd has already established several QSCs around the world - in Atlanta (USA)…

14 Nov 2019

Hapag-Lloyd Appoints New CFO

 Mark Frese. Photo: Hapag-Lloyd AG

Hapag-Lloyd AG appointed Mark Frese to the Executive Board effective November 25, 2019. On March 1, 2020, he will become the new Chief Financial Officer (CFO), replacing Nicolás Burr.Mark Frese (55) was most recently employed as the Chief Financial Officer of Ceconomy AG, the former Metro AG. Before that, he held various management positions at Metro AG and Kaufhof Holding AG.“When Mark Frese joins us, we will be gaining a very accomplished and highly skilled expert with extensive experience and knowledge of the financial sector.

11 Nov 2019

Hapag-Lloyd Expands Atlantic Loop 3

Image: Hapag-Lloyd

German international shipping and container transportation company Hapag-Lloyd AG announced that it is expanding fleet on Atlantic Loop 3 service between the US and Europe."Our Atlantic Loop 3 Service (AL3) fleet is growing with the addition of the 4,248 TEU vessel “Rio Grande Express” sailing between the United States and Europe," the cargo container shipping line said in a statement."Upgrading to a 6 vessel rotation will improve the reliability of the AL3 service for our customers and support our strategy of being number one for quality…

13 Oct 2019

Hapag-Lloyd Opens New South Europe HQ

Pic: Hapag-Lloyd

German cargo container shipping line, Hapag-Lloyd AG, officially opened its headquarter for the new region.CEO Rolf Habben Jansen presented the keys of the office complex in Genoa (Italy) to the new Senior Managing Director Juan Pablo Richards.During the opening event, Habben Jansen explained the motivation to create a new region: “After our merger with UASC in 2017 the Mediterranean region has gained more importance for us. That's why we are eager to bolster our competitive position…

29 Sep 2019

Hapag-Lloyd Expands Indian Services

Image: Hapag-Lloyd

German-based cargo container shipping line, Hapag-Lloyd AG expects Indian container market to grow further and it launches two new services."In response to growing demand, Hapag-Lloyd will offer more services from and to India. Two new services, the South East India - Europe Express (IEX) and the Middle East-India-Africa Express (MIAX), will enter into operation in October," the shipper said.Both the IEX and the MIAX will further strengthen and optimize Hapag-Lloyd’s market-leading…

11 Sep 2019

Hapag-Lloyd Launches Quick Cargo Insurance

Pic: Hapag-Lloyd

German-based global cargo container shipping line, Hapag-Lloyd AG is expanding its digital product portfolio. As one of the first container shipping companies, Hapag-Lloyd is now offering its customers an online marine insurance."Quick Cargo Insurance" provides customers with tailor-made insurance offers around the clock. The insurance cover takes effect immediately upon conclusion of the contract."Not every cargo transported by sea is insured, yet. For instance, small and medium-sized customers often do not take out insurance for cost reasons.

03 Sep 2019

Hapag-Lloyd Splits European Services

Map: Hapag-Lloyd

German-based  cargo container shipping line Hapag-Lloyd AG is splitting its Region Europe into northern and southern parts. In doing so, the world’s fifth-largest liner shipping company will remain close to global markets and serve customers from a total of six regions effective immediately.The new Region South Europe, which will have its headquarters in the Italian port city of Genoa, aims to bolster Hapag-Lloyd’s competitive position in the Mediterranean region. It will include Area Italy…

10 Jul 2019

Robots Paints Hapag-Lloyd Vessel

Pics: Hapag-Lloyd

German cargo container shipping line, Hapag-Lloyd AG announced that it is currently testing ship-painting robots with nine of its ships."Traditional manual work is increasingly being replaced by automated processes, such as self-driving Automated Guided Vehicles in container terminals. Thanks to robots, the quality of ship painting can also be improved and the docking time shortened," the transnational transportation company said in a press release.Keeping barnacles, mussels and algae off the hull – the subject of fouling is as old as shipping itself.

04 Jul 2019

Hapag-Lloyd Orders 13,000 Reefers

Pic: Hapag-Lloyd

German-based cargo container shipping line Hapag-Lloyd AG has placed a record order for 13,420 refrigerated containers, known as reefers, which are set for delivery in November 2019.A statement from the fifth biggest container shipping line in the world by market share said that production of 970 20-foot containers and 12,450 40-foot containers is already scheduled to commence as early as July.Delivery of the refrigerated containers, which have traditionally been white as opposed to Hapag-Lloyd’s orange standard containers…

18 Jun 2019

Hapag-Lloyd Shareholders Change Stake

Graphics: Hapag-Lloyd AG

German-based international cargo container shipping line Hapag-Lloyd AG announced an increased participation of two core shareholders, which has reduced the free float to below nine percent.“We naturally regret the reduced free float, but the demand among our anchor shareholders also underlines their interest in and commitment to Hapag-Lloyd as a strategic investment,” said Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd AG.Shareholder structure of Hapag-Lloyd AG as of 18 June 2019: CSAV Germany Container Holding GmbH - 27.3%,  Klaus Michael Kühne (incl.

14 Jun 2019

Hapag-Lloyd Pays Off Bond

Pic: Hapag-Lloyd

German container shipping major Hapag-Lloyd AG has decided to fully redeem the outstanding EUR 280 million in aggregate principal amount of its outstanding 6.75 percent senior note due 2022 on 24 June 2019 at a fixed redemption price of 103.375 percent.The redemption will be done predominantly from available cash. EUR 100 million of the EUR 280 million will be paid from a drawdown of a CDS-based credit facility."The complete repayment of this senior note ahead of maturity is a clear step forward towards further deleveraging and optimizing our capital structure.

13 Jun 2019

Hapag-Lloyd Pact for EUR100mln Credit

Pic: Hapag-Lloyd

The  transnational German-based transportation company Hapag-Lloyd AG has entered into a new EUR 100 million revolving credit facility, to be made available for utilisation from 14 June 2019 for different maturities up to 18 months and subject to up to two years extension.Hapag-Lloyd AG may use the financing from the facility for general corporate purposes and to optimise its debt maturity profile and cost of capital, in line with its strategic objectives.The loans, under the facility…

12 Jun 2019

Hapag-Lloyd Re-elects Behrendt as Chairman

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.

04 Jun 2019

“Hapag-Lloyd LIVE” is Live

Pic: Hapag-Lloyd

German-based cargo container shipping line, Hapag-Lloyd AG is introducing its new real-time container monitoring program “Hapag-Lloyd LIVE”, that will monitor its reefer containers and provide information such as real-time location, temperature and power-off alerts.In an initial step, the company is equipping its entire reefer fleet of some 100,000 containers to offer real-time GPS location, temperature information and power-off alerts.As the program is designed to fit customers’ needs…

19 Mar 2019

Hapag-Lloyd Collaborates with XVELA

Pic: XVELA

German-based global cargo container shipping line, Hapag-Lloyd AG Hapag-Lloyd set to implement XVELA’s collaboration services to increase transparency throughout the transportation supply chain and more efficiently employ assets and resources.A press release from XVELA, the world’s first maritime business network for ocean carriers and terminal operators, said that both companies plan to initiate the global rollout on one of Hapag Lloyd’s premier Latin American services and will continue to broaden throughout its terminal partners.

18 Mar 2019

Hapag-Lloyd Begins TNE Service

Map: Hapag-Lloyd

German-based cargo container shipping line Hapag-Lloyd AG is launching a new liner service offering a direct connection between Turkey and the US East Coast.The Turkey North America East Coast (TNE) service will operate every nine days between the Turkish seaport of Marmara (Izmit, Istanbul and Gemlik) and the US ports of New York, Norfolk and Savannah, said a press release from the world's fifth largest container carrier in terms of vessel capacity.In addition, the service will…

18 Feb 2019

Hapag-Lloyd Gets Ratings Upgrade from Moody's

Pic: Hapag-Lloyd

The international rating agency Moody’s has upgraded the German cargo container shipping line, Hapag-Lloyd AG's corporate family rating (CFR) to B1 from B2 and its senior unsecured bond rating to B3 from Caa1. The outlook remains stable.According to Moody's release, the improved rating acknowledges Hapag-Lloyd’s progress in integrating United Arab Shipping Company Limited (UASC) while reducing leverage and generating positive free cash flow on the back of tight cost management and increased efficiencies…

31 Jan 2019

Hapag-Lloyd Redeems Bond Early

Pic: Hapag-Lloyd

German-based container shipping line Hapag-Lloyd AG has decided to partially redeem EUR 170 million of its senior note on 11 February 2019 and prior to its maturity 2022 at a fixed redemption price of 103.375 percent.According to a press release from the transportation company, the senior note was issued in February 2017 with an aggregate principal amount of EUR 450 million. The annual coupon is 6.75 percent."This partial redemption will be done from cash proceeds, predominantly…

11 Jan 2019

Hapag-Lloyd Names Rothkopf COO

Maximilian Rothkopf. Pic: Hapag-Lloyd

Hapag-Lloyd has announced that Maximilian Rothkopf  is to be its new chief operating officer (COO). He will take over as new COO of Hapag-Lloyd when Anthony J. Firmin retires in late June.Maximilian Rothkopf, who holds a master's degree as well as a doctorate in business administration, has been a Partner since 2014 at McKinsey & Company, where he has been a member of the global Travel, Transport and Logistics (TTL) leadership team. He started his career in 2005 at the management consulting firm…

10 Dec 2018

Ship Recycling Transparency Initiative Launched

Pic: Ship Recycling Transparency Initiative

Industry leaders and non-profit the Sustainable Shipping Initiative announced the launch of the Ship Recycling Transparency Initiative’s (SRTI) online platform - a tool for sharing information on ship recycling to drive responsible practice.According to a press release, the platform comes nine months after a group of shipping companies first announced their collective effort to use the market-drivers that transparency brings to make responsible ship recycling the norm. Demanding transparency holds the shipping industry to account…

08 Nov 2018

Hapag-Lloyd Profit Doubles

Pic: Hapag-Lloyd

German shipping company Hapag-Lloyd AG more than doubled its bottom line in the third quarter compared to the same period last year on account of booking lower interest costs.The container carrier said in a press release that it made a net profit of 112.4 million euros ($128.5 million) in the quarter ended Sept. 30, compared with EUR51.6 million a year earlier, on revenue that rose 8.6% to EUR3.04 billion.Hapag-Lloyd has concluded the third quarter 2018 with higher earnings before interest and taxes (EBIT) of EUR 212.1 million (Q3 2017: EUR 178.1 million).Meanwhile…

07 Sep 2018

Shipping Industry Heads for Climate Protection

Photo: gmec

At gmec, the global maritime environmental congress (gmec) during SMM in Hamburg, high-profile business and science experts discussed how the global shipping industry can achieve the International Maritime Organization’s (IMO) environmental goals while continuing to provide its services at competitive prices.“We are at the beginning of a new chapter in the history of shipping,” said Tian-Bing Huang, Deputy Director - Marine Environment Division at the IMO, in his opening keynote.There is no question that the shipping sector is facing huge challenges…

23 Aug 2018

Eco-friendly Power for Container Ships in Hamburg Port

Becker Marine Systems, Hapag-Lloyd and HHLA are testing the Becker LNG PowerPac as an alternative power supply at the Port of Hamburg. The compact system is located here at the Container Terminal Burchardkai (CTB). Photo: Port of Hamburg

Port of Hamburg is taking a further step toward improving air quality at its port. Innovative technology developed right here in the city is set to enable large and very large container ships to switch off their auxiliary diesel supplies during lay time and instead draw the power they need for on-board operations from a new kind of mobile generator.Becker Marine Systems, Hapag-Lloyd AG and Hamburger Hafen und Logistik AG (HHLA) have been testing the new technology as part of a joint pilot project since the start of the year.

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