Hapag-Lloyd

Hapag-Lloyd Trims 2025 Outlook as Mid-Year Profits Decline

Container shipping company Hapag-Lloyd has reported a 3.1% decline in first-half net income and lowered the top end of its full-year earnings forecast, largely due to uncertainty over geopolitical issues and US trade policy. The world's fifth-largest shipping firm projected full-year earnings before interest and taxes ranging between…

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U.S. customer activity boosting transatlantic shipping, Hapag-Lloyd says

Transatlantic container shipping volumes into the United States are rebounding, the head of Hapag-Lloyd said, boosted by restocking and a rush to fill up inventories amid a risk of possible…

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Red Sea crisis unlikely to end soon, Hapag-Lloyd CEO says

HAMBURG, Jan 31 (Reuters) - Attacks on cargo vessels in the Red Sea by Yemen-based Houthi rebels are unlikely to end soon, forcing shipping companies to avoid the route through…

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Hapag-Lloyd, Maersk sign long-term collaboration deal

FRANKFURT, Jan 17 (Reuters) - Hapag-Lloyd and Maersk have signed an agreement for a new long-term collaboration starting February 2025 with a combined capacity of 3.4 million containers (TEU), the…

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Hapag-Lloyd: will continue to divert vessels from the Suez Canal

BERLIN, Dec 29 (Reuters) - Hapag-Lloyd has decided to continue diverting its vessels around the Suez Canal for security reasons, a spokesperson for the German container shipper told Reuters on…

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Hapag-Lloyd slides show more vessel supply on its way globally

FRANKFURT, March 2 (Reuters) - German container shipping line Hapag-Lloyd on Thursday showed industry forecasts pointing to rising supply in the global fleet over the next two years as previously…

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Hapag-Lloyd spending big money on fleet, eyes port invest

HAMBURG, Sept 2 (Reuters) - German container shipper Hapag-Lloyd HLAG.DE is spending billions on expanding and renewing its fleet and looking at investing in more port infrastructure to extend its…

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Hapag-Lloyd more than trebles H1 net profit, sees economic uncertainty

FRANKFURT, (Reuters) - 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 the number a…

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Hapag-Lloyd nine-month net profit soars over 10-fold on record freight rates

FRANKFURT, Nov 12 (Reuters) - German container shipping line Hapag-Lloyd reported a more than 10-fold surge in nine-month net profit on Friday, citing record freight rates amid scarce transport capacity…

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Hapag-Lloyd sees no let-up in tight shipping capacity

German container shipping line Hapag-Lloyd said this week it sees no let-up in tight shipping capacity this year which has driven up its net profit in the first six months…

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Hapag-Lloyd posts nearly 10-fold net profit rise

German container shipping line Hapag-Lloyd on Thursday reported a nearly 10-fold increase in first half net profit, citing surging freight rates amid scarce transport capacities. The group, the world's number…

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Hapag-Lloyd Acquires Africa Carrier NileDutch

Hapag-Lloyd successfully closed the acquisition of the Dutch container shipping company Nile Dutch Investments B.V. (NileDutch). After signing a sales and purchase agreement in March, Hapag-Lloyd has now formally acquired…

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Hapag-Lloyd avoids forecast due to coronavirus uncertainty

German container shipper Hapag-Lloyd said it almost tripled its net result in 2020 due to lower costs and higher freight rates, but shied away from specifying 2021 results due to…

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Hapag-Lloyd sees higher earnings on cheaper fuel, stabilising demand

German container liner Hapag-Lloyd AG is confident of achieving higher earnings in 2020 as lower fuel prices cut shipping costs, demand in Asia recovers and fleet capacity is tight, chief…

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Shipping demand recovering but COVID to have long-term effect -Hapag-Lloyd

German container shipping firm Hapag-Lloyd is benefitting from a rebound in transport demand but its chief executive warned about the longer-term impact on economic activity from the coronavirus. "We see…

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