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...]

Hapag-Lloyd Charts Course to Strong 2019 Earnings

By Vera Eckert HAMBURG, March 22 (Reuters) - German container group Hapag-Lloyd is on course to achieve better earnings and further reduce debts this year as it cuts costs and benefits from merger savings in an improving shipping industry, it said. "We see fairly stable demand growth and the fundamentals are favourable," Chief Executive Rolf Habben Jansen said on a call with … [Read more...]

MAN Hired for World’s First Megaship Conversion to LNG Fuel

MAN Energy Solutions has signed a contract for the conversion of a 15,000 TEU container vessel to dual-fuel LNG operation. The container vessel MV SAJIR is owned by Hapag-Lloyd, one of the world's leading liner shipping companies, and normally serves a route from Asia to northern Europe via the Suez canal. The pilot project will entail the conversion of an existing, … [Read more...]

Containership Companies Cleared In U.S. Investigation

by Vera Eckert (Reuters) - The world’s two biggest container shipping companies on Tuesday said they have been cleared in an investigation of the sector by the U.S. Department of Justice (DoJ). Denmark’s Maersk and Switzerland’s Mediterranean Shipping Company (MSC) were among several companies ordered to testify in an antitrust investigation that began in 2017 over practices … [Read more...]