Trade Spats Could Dampen Shipping Growth in 2019 -Hapag Lloyd CEO

FRANKFURT, Feb 13 (Reuters) - An escalation of tariff wars between China and the United States could dampen growth in international container shipping as operators pre-emptively brought forward business in the second half of last year, Germany's Hapag Lloyd said. "Many customers tried to get their goods through to the U.S. ahead of time in second half 2018, creating … [Read more...]

THE Alliance Unveils Revamped 2019 Service Network

By Mike Wackett (The Loadstar) - THE Alliance members Hapag-Lloyd, Ocean Network Express(ONE) and Yang Ming have published details of a rationalised revamped network for east-west trades effective from next year which will include a new pendulum service. The new service network, which is subject to the usual regulatory approvals, is expected to commence shortly after … [Read more...]

Hapag-Lloyd Hops on Scrubber Bandwagon While They Still Can

By Mike Wackett (The Loadstar) - Hapag-Lloyd has belatedly joined the rush to install scrubber technology on its container vessels, ahead of the IMO 2020 0.5% sulphur cap. Speaking during the carrier’s Capital Markets Day this week, chief operating officer, Anthony Firmin, said that the availability of exhaust gas cleaning systems was now extremely tight. “If you wanted … [Read more...]

Hapag-Lloyd Optimistic for Full Year as Operating Profit Rises

By Vera Eckert FRANKFURT, Nov 8 (Reuters) - German shipping group Hapag-Lloyd expects an increase in transport volumes to last for the remainder of 2018 after volume growth and a modest recovery in freight rates helped push operating profits 12 percent higher in the first nine months. Shipping is only slowly recovering from an oversupply of vessels that plunged the sector … [Read more...]

Hapag-Lloyd to Introduce IMO 2020 Fuel Surcharges from 2019

FRANKFURT, Oct 8 (Reuters) - German container shipping giant Hapag-Lloyd said on Monday it is preparing customers for a mechanism to charge more for cleaner fuel starting next year to comply with tighter environmental rules. The Hamburg-based firm said on Monday that it has developed what it will call a marine fuel recovery mechanism (MFR), which it will gradually introduce … [Read more...]