Hapag-Lloyd

Hapag-Lloyd CEO predicts early peak season for ocean shipping

Hapag-Lloyd’s annual report for 2023 and financial results for Q4 reveal exactly how challenging the ocean container market has been for the largest steamship lines. The report, which the German container ship line released Thursday, notes that Liner Shipping revenues dropped 48.5% to 17.7 billion euros ($19.2 billion) from 2022 to 2023, and earnings before interest, taxes, depreciation and amortization fell by 77.1% to 4.4 billion euros over the same period.

The ocean carrier grew its volumes...

https://www.freightwaves.com/news/hapag-lloyd-ceo-predicts-early-peak-season-for-ocean-shipping

Major lines’ margins in negative territory for first time after five years

Mainline operators’ operating profit margins fell into negative territory for the first time since 2018, due to losses in 4Q 2023, according to Alphaliner’s report.

On average, these operators’ operating margins stood at -3% in the last three months of 2023, as the Covid-19-fuelled boom ended its run. Six out of the nine largest box lines reported operating losses for the last quarter of 2023.

Only Evergreen Marine Corporation and HMM have reported operating profits, albeit sharply reduced from...

https://container-news.com/major-lines-margins-in-negative-territory-for-first-time-after-five-years/

Hapag-Lloyd announces Mediterranean-South America West Coast service updates

German ocean carrier Hapag-Lloyd has announced changes in its Mediterranean-South America West Coast (MSW) service, which will be effective from 20 March.

Hapag-Lloyd will introduce the port of Vigo in Spain to the MSW rotation as the initial port of call in the Mediterranean. Through this addition, the Hamburg-based line aims to offer expedited transit times to northern Spain and Portugal markets.

Moreover, the port of Tangier in Morocco will now exclusively function as a transshipment hub and...

https://container-news.com/hapag-lloyd-announces-mediterranean-south-america-west-coast-service-updates/

Hapag-Lloyd increases Asia container rates

German ocean carrier Hapag-Lloyd said its ocean tariff rates for Freight All Kinds (FAK) between Far East and North Europe & Mediterranean will increase.

The updated prices will apply for cargo transported in 20’ and 40’ dry containers, including high cube equipment, and reefer for sailings commencing on 1 April, as follows:

  • Per container from Far East (in US$)
Destination 20′ Dry 40′ Dry 40′ HC 20′ RF 40′ RF
North Europe*16003000300016003000
West Mediterranean*2800350035002800

https://container-news.com/hapag-lloyd-increases-asia-container-rates/

Ο Rolf Habben Jansen στο πηδάλιο της Hapag-Lloyd έως το 2029

To Supervisory Board της Hapag-Lloyd ενέκρινε την πρόωρη ανανέωση του συμβολαίου του CEO της, Rolf Habben Jansen, το οποίο ολοκληρώνεται στις 31 Μαρτίου 2027, για πέντε έτη, έως τις 31 Μαρτίου 2029.

Την ίδια ώρα αποφασίστηκε η ανανέωση του συμβολαίου της Chief Information Officer and Chief Human Resources Officer (CIO/CHRO) της γερμανικής εταιρείας, Donya-Florence Amer, για πέντε ακόμα χρόνια, έως τις 31 Ιανουαρίου του 2030.

Ο Rolf Habben Jansen είναι μέλος του Board της Hapag-Lloyd από την 1η...

https://www.naftikachronika.gr/2024/03/16/o-rolf-habben-jansen-sto-pidalio-tis-hapag-lloyd-eos-to-2029/

Carriers ‘undo’ rate hikes on India-US trades amid cargo volume pressure

Container carriers appear to have abandoned plans to hike freight rates on Indian trades to the United States, as they are facing a slump in cargo bookings.

MSC, Hapag-Lloyd and CMA CGM had planned to implement hefty general rate increase (GRI) and peak season surcharge (PSS) amounts from early March.

For example, MSC’s rate activity plans included a GRI of US$1,000 per box from 1 March and a PSS of $1,500 per box from 4 March for trades to the US West Coast. Earlier, the carrier had also...

https://container-news.com/carriers-undo-rate-hikes-on-india-us-trades-amid-cargo-volume-pressure/

Rolf Habben Jansen remains at the helm of Hapag-Lloyd

The Supervisory Board of Hapag-Lloyd has decided to renew the contract of Chief Executive Officer (CEO) Rolf Habben Jansen, which runs until 31 March 2027, for five years, until 31 March 2029.

In addition, the Supervisory Board has agreed to also extend the contract of Chief Information Officer and Chief Human Resources Officer (CIO/CHRO) Donya-Florence Amer for another five years, to 31 January 2030.

Rolf Habben Jansen and Donya Amer

Rolf Habben Jansen has been a member of the company’s Executive...

https://container-news.com/rolf-habben-jansen-remains-at-the-helm-of-hapag-lloyd/

Hapag-Lloyd records third-highest group profit in history despite significant financial declines

German ocean carrier Hapag-Lloyd has reported revenues of US$19.4 billion and profit of US$3.2 billion in 2023, translating to massive year-on-year drops from US$36.4 billion and US$18 billion, respectively.

Additionally, the company’s earnings before interest and taxes (EBIT) fell from US$18.5 billion in 2022 to US$2.7 billion in 2023 and earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased from US$20.5 billion to US$4.8 billion.

Despite the significant declines...

https://container-news.com/hapag-lloyd-records-third-highest-group-profit-in-history-despite-significant-financial-declines/

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