Hapag-Lloyd CFO Ganz Steps Down
Peter Ganz will step down from his position as company CFO effective April 1, 2015, also leaving the company on the same day, as announced during today’s meeting of Hapag-Lloyd’s Supervisory Board. The Supervisory Board has given its approval. The change on the Executive Board comes following an agreement between shareholders stipulating that CSAV, as the new largest shareholder in Hapag-Lloyd, has the right to nominate an individual of its choice to assume the position of CFO.
Hapag-Lloyd Wins Three US Awards
Alcoa "Ocean Carrier Award", Eastman "Excellence Award" and "PPG Excellent Supplier Award": Hapag-Lloyd America has been presented with no less than three awards for outstanding service in the last few weeks. Hapag-Lloyd America has received three awards for high service quality from major clients in the USA within a matter of weeks. The US company Alcoa – one of the world's market-leading manufacturers and processors of aluminium – for the first time named Hapag-Lloyd the best global container shipping company among its service providers. The judges' criteria were the volume of North American imports and exports and the punctuality of deliveries. Hapag-Lloyd is also one of Eastman's most valued service providers, scooping the US chemical company's "Excellence Award" for 2011.
Hapag-Lloyd Adds North Europe-USEC Service
Hapag-Lloyd will open a new weekly service between North Europe and the US East Coast, the company said in its press release. The new route – to be christened AX4 – will see a weekly run from the ports of Bremerhaven, Rotterdam and Le Havre to Savannah and New York. The new service will complement German container line Hapag-Lloyd’s existing Atlantic network. The AX4 will have the following rotation: Bremerhaven (Germany) – Rotterdam (the Netherlands) – Le Havre (France) – Savannah (USA) – New York (USA) – Bremerhaven.
Hapag-Lloyd Changes Terminal to Long Beach
Hapag-Lloyd's California Central America Express Service (CCE) will shortly be switched to a new terminal at Los Angeles as follows: SSA Terminal 700 Pier A Plaza 90813 Long Beach USA First vessel to call at the new terminal will be M/V Hammonia Roma 228W/229E (DP voy86728/87293) ETA Long Beach March 3, 2015.
Hapag-Lloyd Boosts Results, Volume in 2013
Hapag-Lloyd improved its result and transport volume in the previous financial year despite persistently tough competition. EBITDA increased year-on-year by €54.6 million to €389.1 million. The operating result also saw a significant improvement, climbing by €41 million to €67.2 million, meaning that Hapag-Lloyd performed well in comparison to its competitors. Thanks to its global liner network with almost 100 services, Hapag-Lloyd was able to take full advantage of growth opportunities in a difficult market. Transport volume rose by a total of 4.6% to approx.
Hapag-Lloyd Eyes Impact of New Grand Canal
The Panama Canal has linked the Pacific with the Atlantic for more than 100 years. It will soon be possible for significantly larger ships to pass through its locks. What will the expansion mean for Hapag-Lloyd? They’re still working in Panama, on one of the biggest construction sites in the world. Everything seems gigantic here. The lock gates alone, veritable monsters of grey steel: 16 in total, each of them 57 meters long, averaging 30 meters high, ten meters thick and weighing 3,300 metric tons. They were brought by special ships from Italy to the jungle of Central America.
Hapag-Lloyd Holding AG to Merge with Hapag-Lloyd AG
Hapag-Lloyd Holding AG will merge with Hapag-Lloyd AG, retrospective with effect from January 1, 2013. “This step is taken in order to simplify the group structure of Hapag-Lloyd and does not have any impact on shareholder equity”, said Jürgen Weber, Chairman of the Supervisory Board of Hapag-Lloyd AG. Shareholders of Hapag-Lloyd, TUI-Hapag Beteiligungs GmbH (TUI AG) and Hamburgische Seefahrtsbeteiligung “Albert Ballin“ GmbH & Co KG (“Albert Ballin“ consortium), now hold a direct share in Hapag-Lloyd AG. The merger has no impact on consolidated financial statements of Germany’s largest liner shipping company. The holding structure was set up during the takeover of the majority of Hapag-Lloyd by the Hamburg-based “Albert Ballin“ consortium in 2008/09.
Hapag-Lloyd Celebrates 125 Years in Montreal
125 years ago, the steamship “Cremon” set sail from Europe to Canada for the first time under the Hapag flag. Hapag-Lloyd will be celebrating this anniversary in Montreal today with the shipping company’s customers and other partners. “As an important connection between Atlantic and Pacific, as well as between the United States, Asia and Europe, Canada has been and continues to be an important and special partner for us,” said Rolf Habben Jansen, the CEO of Hapag-Lloyd AG. At the end of the 19th century…
Hapag-Lloyd, UASC Complete Merger
Hapag-Lloyd and United Arab Shipping Company (UASC) merged yesterday (May 25, 2017). The merger between the two liner shipping companies was completed in Hamburg. With 230 vessels and a shared fleet capacity of approximately 1.6 million TEU, Hapag-Lloyd is the fifth-largest liner shipping company in the world. Hapag-Lloyd will remain a publicly traded company registered in Germany with its headquarters in Hamburg. “This is an important strategic milestone and a big step forward for Hapag-Lloyd,” said Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd.
Port Canaveral Names Shipping Exec as New CEO
Canaveral Port Authority Commissioners today unanimously selected shipping line executive Capt. John W. Murray as the next chief executive officer of Port Canaveral. Murray currently is the President and CEO of Hapag-Lloyd USA, LLC, a global liner shipping company in Tampa that operates about 150 modern container ships and transports more than five million containers per year. “We believe our port and our community will be well served having Capt. Murray at the helm,” said Commission Chairman Jerry Allender. Allender said he hopes to have a negotiated contract with Murray on this month’s Commission meeting agenda scheduled for January 20. Outgoing CEO John E. Walsh’s last day is January 21. If necessary, Port Canaveral CFO Rodger Rees will step into the CEO role in the interim.
MarAd Seeks Comments on CP Ships Sale
The Maritime Administration (MARAD) is seeking comments on the impact on the Maritime Security Program (MSP) of the proposed acquisition of CP Ships Limited by TUI AG. CP Ships Limited is a Canadian company and the parent of CP Ships USA, LLC, which is a participant in the MSP. TUI AG is a German corporation and the parent of Hapag-Lloyd, a German vessel operator, neither of which have any present connection with MSP. Comments must be received by September 23. 70 Fed. Reg. 54102 (HK Law).
Adrion Appointed CEO of CP Ships
The board of CP Ships Limited has appointed Adolf Adrion new CEO effective 1st January 2006 following the completion of the acquisition of CP Ships by Hapag-Lloyd at the end of 2005 The new CFO will be Ulrich Kranich, effective 1st February 2006. Mr Adrion, also executive board member of Hapag-Lloyd AG, is retaining his previous responsibilities and is taking over from former CP Ships CEO Ray Miles, who stepped down from his post on 31st December 2005. Mr Kranich, also CFO of Hapag-Lloyd AG, will also retain his previous duties. He will succeed current CFO Ian Webber who will leave his post at the end of January. Adolf Adrion joined Hapag in 1957 and assumed various management functions. He was appointed a member of the executive board of Hapag-Lloyd AG in 2004.
Grand Alliance upgrades ATX Service
Trade, in cooperation with ZIM Integrated Shipping Services Ltd. The joint service to be upgraded is the "Atlantic Express" or ATX service. which will be provided by ZIM and the other three from the Grand Alliance. York, Norfolk and Charleston. providing upgraded tonnage and replacing the current NEX service of ZIM. route with larger, more efficient tonnage. consumption per slot-mile, offering a more environmentally friendly solution.
Seaspan Announces Delivery of New Vessel
Seaspan Corporation announced the delivery of its 20th vessel, the Santos Express. The 4250 TEU vessel, which was built by Samsung Heavy Industries Co. Ltd., was delivered approximately seven weeks ahead of its contractual delivery date. The Santos Express is the seventh of nine Seaspan vessels to be chartered to Hapag-Lloyd USA. "The delivery of the Santos Express is another milestone in the development of our company," said Gerry Wang, Chief Executive Officer of Seaspan. "We are pleased to have 20 vessels operating worldwide and we look forward to the deliveries of the 21 additional vessels we have contracted to acquire over the next three years."
Hapag-Lloyd: Share Purchase Welcomed
“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. 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.
Hapag-Lloyd, Maersk Partner on Dangerous Goods Safety
Hapag-Lloyd and Maersk Line have agreed to cooperate in increasing the safety of dangerous goods following a meeting today in Hamburg in which Maersk Line showed interest to implement a tracing system similar to Hapag-Lloyd’s watchdog program into its business processes. The watchdog program, together with the Hapag-Lloyd FIS (Freight Information System), continuously examines cargo data to identify anything conspicuous. It has a database of more than 6,000 keywords that is constantly being added to and refined.
Hapag-Lloyd, CSAV Merger Finalized
Hapag-Lloyd AG and Compañía Sud Americana de Vapores (CSAV) today signed a binding contract on merging CSAV’s entire container business with Hapag-Lloyd, subject to the necessary approvals. Following the integration, the new Hapag-Lloyd will rank among the four largest liner shipping companies in the world, with some 200 vessels with total transport capacity of around one million TEU, an annual transport volume of 7.5 million TEU and a combined turnover of 9 billion Euro. The company’s head office will remain in Hamburg.
Hapag-LLoyd Board Member Leaving
Jesper Praestensgaard, responsible for Global Markets & Global Accounts is to leave the company in June 2013. Hapag-Lloyd announce that the executive board member will be leaving the Company at his own request in June in order to take on new challenges. “Hapag-Lloyd would like to thank Jesper Praestensgaard for his dedication during this time and would like to wish him all the best for the future, both privately and professionally,” says Dr Jürgen Weber, Chairman of the Supervisory Board of Hapag-Lloyd AG.
Hapag-Lloyd Pushes Back AGM on Merger Talks
Hapag-Lloyd said it had decided to postpone its annual general meeting scheduled for June 1, 2016 due to ongoing merger talks between German container shipping firm and United Arab Shipping Company (UASC). The AGM will take place in August 2016 at the latest, Hapag-Lloyd said in a statement on Tuesday. Last week, Hapag-Lloyd said that UASC had called an extraordinary general meeting for June 2 at which its shareholders would vote on whether to approve a proposed merger with Hapag-Lloyd. (Reporting by Bartosz Dabrowski)
UASC and Hapag-Lloyd Merger in the Last Leap
A merger between United Arab Shipping Company (UASC) and German container shipping line Hapag-Lloyd will create a shipping group that is the 5th largest in the world and will give Hapag-Lloyd access to bigger ships on the important Asia to Europe trade route. The merger deal will create a group that should be valued at around 7-8 billion euros. The enlarged Hapag-Lloyd will be the world’s fifth-largest carrier, just behind China Cosco Shipping, with a fleet of some 230 ships with a combined capacity of around 1.5 million 20-foot-equivalent units and a 7.4 percent global market share.
Hapag-Lloyd Begins Training Programs
Sixty-four young men and women started their careers at Hapag-Lloyd on yesterday (August 01). Chief Executive Office Rolf Habben Jansen warmly welcomed the new apprentices this morning during an event held at Hapag-Lloyd’s headquarters in Hamburg. In the land division, 21 young men and 17 young women began their training programs to become shipping agents, forwarding and logistics clerks, office management clerks and warehousing specialists. In addition, some of the on-shore apprentices are also starting dual-track courses of study in Logistics Management…
Hapag-Lloyd and the Chinese port of Shenzhen Pact to Reduce Port Emission
Hapag-Lloyd and the Shenzhen Port Green Convention have entered into an agreement to cut back on sulphur oxide while the company's vessels are docked at port. "By joining the Shenzhen Port Green Convention, Hapag-Lloyd has demonstrated its commitment to environment," says Hapag-Lloyd’s Chief Operating Officer Anthony J. Firmin. Under the agreement, Hapag-Lloyd has voluntarily undertaken only to use fuel with a sulphur content of less than 0.5% while its ships are docked at the terminal. In doing so, Hapag-Lloyd is increasing its existing efforts to improve air quality in port cities.
Hans Jakob Kruse has Died
Hapag-Lloyd mourns the loss of former Executive Board chairman Hans Jakob Kruse, who led the company from 1973 until 1993. On February 4, Hans Jakob Kruse died in Hamburg at the age of 84. He was the chairman of the Hapag-Lloyd Executive Board for two decades from 1973 until 1993. “Hapag-Lloyd is mourning the loss of a visionary and beloved chairman, whose substantial contribution shaped our company as well as the global shipping industry,” said Michael Behrendt, Chairman of the Executive Board of Hapag-Lloyd. Following an apprenticeship as a shipping agent, Hans Jakob Kruse began his career in 1964 as a representative of Hapag and Norddeutscher Lloyd in Australia. In 1967 he returned to Germany as the head of Canada and Australia services.