Hapag-Lloyd Seeks Cost Cuts as Net Profit Slumps
By Vera Eckert and Elke Ahlswede FRANKFURT, March 14 (Reuters) – German container shipper Hapag-Lloyd on Thursday said global vessel oversupply and a
gCaptain’s full coverage of Hapag-Lloyd, the German shipping and container transportation company.
By Vera Eckert and Elke Ahlswede FRANKFURT, March 14 (Reuters) – German container shipper Hapag-Lloyd on Thursday said global vessel oversupply and a
Hapag-Lloyd reported a significant decline in its 2023 earnings due largely to lower freight rates as global supply chains returned to normal, the company said
Last week’s surprise announcement from Maersk and Hapag-Lloyd on the formation a new long-term operational collaboration named the Gemini Cooperation is
BERLIN, Jan 22 (Reuters) – German shipping group Hapag-Lloyd will continue to route its vessels around the Cape of Good Hope until further notice due
By Mike Wackett (The Loadstar) – The liner industry’s new vessel-sharing alliance, the Gemini Cooperation, will buck the recent trend of direct port
Shipping giants Maersk and Hapag-Lloyd have announced the signing of a long-term operational collaboration agreement, named the Gemini Cooperation, set to
By Joe Easton and Christian Wienberg (Bloomberg) A.P. Moller – Maersk and Hapag-Lloyd denied any pact with Yemen’s Houthi rebels to facilitate the
by John Konrad (gCaptain) Germany’s Hapag-Lloyd will continue to divert its vessels around the Suez Canal for security reasons, a spokesperson for the
By Elke Ahlswede BERLIN, Dec 29 (Reuters) – Hapag-Lloyd will continue to divert its vessels around the Suez Canal for security reasons, a spokesperson
By Wilfried Eckl-Dorna (Bloomberg) Shipping giant Hapag-Lloyd AG said it will keep its vessels away from the Red Sea even after the launch of a US-led
By Alaric Nightingale and Sanne Wass (Bloomberg) — Spiraling attacks on merchant ships by Houthi militants off the coast of Yemen have prompted
Update: Maersk has instructed all Maersk vessels bound to pass through the Bab al-Mandab Strait to pause their journey until further notice in response to the
The Chief Executive Officers (CEOs) of major global shipping lines have issued a joint declaration at COP 28, urging the International Maritime Organization
By Brendan Murray and Tara Patel Nov 12, 2023 (Bloomberg) –Consumers gearing up to buy the latest imported appliances, clothes or electronic gadgets
(Bloomberg) — The container shipping industry faces a few years of headwinds as low freight rates, a weak European economy and widening geopolitical
Hapag-Lloyd has released its quarterly earnings report, revealing continued weak demand and significantly lower freight rates compared to last year. The
SpaceX’s satellite internet service Starlink is continuing to increase its presence in the commercial maritime sector with Japanese shipping company
BERLIN, Oct 14 (Reuters) – The head of German shipping firm Hapag Lloyd HLAG.DE, Rolf Habben Jansen, expects the next three years to be difficult
By Jonathan Saul and Ari Rabinovitch JERUSALEM, Oct 10 (Reuters) – Activity at Israel’s ports is slowing after Saturday’s attacks by
German shipping line Hapag-Lloyd has christened the first of 12 new Hamburg Express-class containerships. With a length of almost 400 meters and a capacity of
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