Tag: Hapag-Lloyd

August 8, 2023

The deal follows the launch of Hapag-Lloyd’s “Ship Green” product in May enabling customers to transport their cargo on biofuel blends to cut emissions. The product offers three different options, representing different levels of CO2e emission reduction for the ocean […]

March 2, 2022

The bookings suspensions are a result of severe sanctions on Russia imposed by governments around the world. The international sanctions target Russian transport, energy and financial sectors. Maersk: Stability and safety of operations impacted by sanctions Danish container shipping and […]

October 15, 2020

German liner company Hapag-Lloyd said the performance of the container shipping market in the third quarter of 2020 was much better than expected pushing up earnings. Based on the preliminary findings, Hapag-Lloyd’s earnings before interest and taxes (EBIT) for the […]

October 8, 2020

Rating agency Moody’s has upgraded the outlook on the ratings of the world’s largest container shipping company Maersk from negative to positive. Concurrently, Moody’s affirmed the Baa3 long-term issuer rating of the company. “Following a very strong performance amidst the […]

August 17, 2020

According to local media outlets, the virus was most probably picked up from communal resting facilities and dormitories, where social distancing measures are difficult to implement as dozens of workers can be confined to the same place at the same […]

August 14, 2020

The group profit stood at $314 million in H1 2020, compared to $165 million seen in the corresponding period a year earlier. Earnings before interest and taxes (EBIT) amounted to $563 million and surpassed the prior-year figure of $440 million. […]

August 12, 2020

“Following these positive news, we will immediately reinstate our services to the Port of Beirut, Lebanon,” the company announced. As informed, the first vessel on Hapag-Lloyd’s Levante Express (LEX) Service to call Beirut will be Mona Lisa (voyage 2031W), on […]

July 22, 2020

On 13 July, the company informed that one member of each vessel’s crew tested positive for COVID-19. The infected mariners were immediately put in quarantine. All other crew members were tested as well. “Each vessels’ crew has been tested negative […]

July 8, 2020

Agreed in February this year, the transaction is estimated at €1.2 billion. “All approvals including merger clearance by the EU commission have now been fulfilled. The transaction is closed in a difficult market environment on the terms and conditions agreed,” […]

July 2, 2020

Unlike many other large companies in Germany that have required financial support from the government in order to cope with COVID-19, Hapag-Lloyd sees no need for such a move. “We will not look for government support as we are pretty […]

June 9, 2020

As a result, the vessel will have to remain in quarantine at anchorage and will not be able to commence cargo operations in Durban, in line with local health and safety regulations, Hapag-Lloyd said in an update. In late May […]

April 24, 2020

The company is using digital tools to detect water resistance increases on its ships caused by fouling. It has also developed ship-specific biofueling management plans for its vessels detailing the removal activities and hull cleaning. Last year. a total of […]

March 25, 2020

According to the carrier, many ports in China have so far returned to normal operations, and scheduled sailings and bookings ex-China are gradually increasing. As explained, the company is doing ‘everything in its power’ to maintain uninterrupted service, with no […]

March 20, 2020

For 2020, Hapag-Lloyd expects an EBITDA of EUR 1.7 billion (USD 1.8) to 2.2 billion and an EBIT of EUR 0.5 to 1 billion. According to the carrier, the forecast for 2020 is subject to considerably higher uncertainties than normal, […]

February 3, 2020

The 4,402 TEU containership Montreal Express was recently refueled with a new, eco-friendly biofuel in Rotterdam. As informed, Hapag-Lloyd intends to use the test run with the abovementioned vessel, which operates in the St. Lawrence Coordinated Service 2 (AT 2) […]

January 17, 2020

As informed, the space charter deal will give Hapag-Lloyd access to selected services of 2M on the Asia-North Europe trade. “The addition of these services will enable Hapag-Lloyd to offer an even higher frequency of weekly departures and more routing […]

October 4, 2019

“Hapag-Lloyd does not use the Northwest Passage or the Northeast Passage as shipping routes right now, nor are there any plans to do so in the future,” Jörg Erdmann, Senior Director Sustainability at Hapag-Lloyd, pointed out. With its stance on […]

July 10, 2019

With the help of robots that replace traditional application by hand, Hapag-Lloyd said it is possible to improve the quality of ship painting and shorten the docking time. At shipyards in Hamburg, Marseilles and most recently Singapore, the company has […]

July 5, 2019

The company said that operating costs for its services have increased in the Middle East Gulf region as a result of tanker attacks that took place in the Strait of Hormuz. As of July 15, 2019, the surcharge of USD […]