Hapag-Lloyd has ruled out sending its ships through the Northern Sea Route for the foreseeable future despite faster transit times, joining rival CMA CGM in shunning Arctic shipping due to heightened environmental risks. Hapag-Lloyd’s Senior Director Sustainability, Jörg Erdmann, says the company has no plans to send ships through the Arctic shipping until it can guarantee … [Read more...]
Hapag-Lloyd Announces Steep Penalty for Failure to Declare Dangerous Goods
German containership Hapag-Llloyd has announced it will be implementing a steep penalty for mis-declaration of dangerous goods in order to ensure the safety of its crews, ships and other cargo onboard. Hapag-Lloyd said the fine will be implemented from September 16, 2019 in the amount of $15,000 per container. The company said the penalty is meant in the overall interest … [Read more...]
Hapag-Lloyd Upbeat on 2019 After Strong First Half
By Vera Eckert FRANKFURT, Aug 7 (Reuters) - Rising freight-rate income and transport volumes boosted Hapag-Lloyd's performance in the first half of 2019, allowing it to remain optimistic about full-year earnings and pushing its share price up more than 10%. "We expect stable or higher growth in transport volumes in the second half. Freight rates may perhaps be a touch … [Read more...]
Hapag-Lloyd Forecasts Calm Passage for Shipping Despite Trade Storm
By Arno Schuetze FRANKFURT, May 9 (Reuters) - Hapag-Lloyd is optimistic about the year ahead, despite global trade tensions, the German container shipping company's chief executive said on Thursday after a first quarter earnings rise. "Despite all the uncertainty, we see a somewhat stable development," Rolf Habben Jansen told Reuters, adding that trade wars have so far had a … [Read more...]
Yantian Express Nearly Ready to Depart Freeport as Hapag-Lloyd Awaits Past Due General Average Submissions
Hapag-Lloyd says repairs are nearing completion on board the fire-stricken containership Yantian Express in Freeport, Bahamas. According to a May 1 customer update, the vessel is now expected to depart Freeport with remaining cargo on board during the first half of this month dependent upon class approval and refitting of hatch covers on board the vessel. “Vessel repairs … [Read more...]