Rolf Habben Jansen

Hapag-Lloyd expects lower earnings in 2025

Container shipping firm Hapag-Lloyd published its new annual report yesterday, March 20. According to the report, a slight increase in the operating result was achieved in 2024 while lower results are expected in 2025 due to U.S. tariffs and Houthi militant attacks on shipping in the Red Sea.

The Group EBITDA rose to USD 5.0 billion (EUR 4.6 billion). The Group EBIT slightly improved compared to the prior year, to USD 2.8 billion (EUR 2.6 billion). At USD 2.6 billion (EUR 2.4 billion), the...

https://www.marinelog.com/news/hapag-lloyd-expects-lower-earnings-in-2025/

Hapag-Lloyd in $4B, 24-ship ordering spree at two Chinese yards

Hapag-Lloyd has signed separate contracts with two Chinese shipyards for a total of 24 new containerships. All will be equipped with state-of-the-art low emission, high pressure LNG dual-fuel engines capable of operation on biomethane (bio LNG), which can reduce CO2e emissions by up to 95% compared to conventional propulsion systems. They will also be ammonia-ready.

Hapag-Lloyd says the newbuildings will have a combined capacity of 312,000 TEU and involve a combined investment volume of around...

https://www.marinelog.com/news/hapag-lloyd-in-4b-24-ship-ordering-spree-at-two-chinese-yards/

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

COP28: Top CEOs want end date for ordering fossil-only newbuilds

In a joint declaration made at COP28 in Dubai, the CEOs of five leading shipping lines have called for an end date to be put on orders for fossil-only powered newbuilds, urging IMO to create the regulatory conditions to accelerate the transition to green fuels.

Making the call were Vincent Clerc, CEO of A.P. Moller – Maersk; Rodolphe Saadé, chairman and CEO of the CMA CGM Group; Rolf Habben Jansen, CEO of Hapag-Lloyd: Soren Toft, CEO of MSC Mediterranean Shipping Company, and Lasse...

https://www.marinelog.com/legal/environment/cop28-top-ceos-want-end-date-for-ordering-fossil-only-newbuilds/

‘Very noticeable impact’ from down market $6B whammy to Hapag-Lloyd’s profits

The first paragraph of Hapag-Lloyd’s news release Thursday on the German ocean carrier’s performance in the first half of 2023 ticked off earnings before interest, taxes, depreciation and amortization of $3.8 billion, earnings before interest and taxes of $2.8 billion and group profit of $3.1 billion.

“As expected, these results are significantly below the prior-year level,” it said. 

Just how far below the results of the first six months of 2022 is not apparent until a chart at the bottom of the...

https://www.freightwaves.com/news/very-noticeable-impact-from-down-market-6b-whammy-to-hapag-lloyds-profits

Hapag-Lloyd acquires stake in Indian terminals, logistics provider

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Hapag-Lloyd on Wednesday signed a binding agreement to acquire a 35% stake in J M Baxi Ports &...

https://www.freightwaves.com/news/stronghapag-lloyd-acquires-stake-in-indian-terminals-logistics-providerstrong

CMA CGM, Hapag-Lloyd announce leadership changes in North America

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Both the CMA CGM Group and Hapag-Lloyd announced North American leadership changes this week. 

CMA...

https://www.freightwaves.com/news/cma-cgm-hapag-lloyd-announce-leadership-changes-in-north-america

Hapag-Lloyd acquiring SAAM terminal operations in $1B deal

Hapag-Lloyd announced Tuesday it is making its first investment in the Americas through the $1 billion acquisition of the SM SAAM S.A. marine terminal and logistics businesses.

The German ocean container shipping company is acquiring all of SAAM’s shares in 10 terminals as well as bonded warehouses and integrated logistics operations for importers and exporters. The Chile-based company will retain its tugboat and airport logistics businesses. 

SAAM operates eight terminals as the majority or...

https://www.freightwaves.com/news/hapag-lloyd-acquiring-saam-terminal-operations-in-1b-deal

Hapag-Lloyd acquiring stake in Italian logistics company

German container shipping line Hapag-Lloyd announced Thursday it is acquiring a 49% stake in Italian logistics company Spinelli Group. 

The Spinelli family will retain a majority stake of 51%, according to Hapag-Lloyd. 

“The parties have agreed to not disclose any financial details of the deal,” the four-sentence announcement said. “The completion of the transaction is subject to the approval of the responsible antitrust authorities, which is expected within the next months.” 

The nearly...

https://www.freightwaves.com/news/hapag-lloyd-acquiring-stake-in-italian-logistics-company

DAL acquisition part of Hapag-Lloyd’s strategic growth in Africa

Coming off an “exceptionally successful year,” Hapag-Lloyd announced Thursday that it was acquiring fellow German carrier Deutsche Afrika-Linien (DAL) and extending the contract of CEO Rolf Habben Jansen. 

Net profit in 2021 increased by a whopping $9.6 billion year-over-year to $10.75 billion, according to the audited full-year earnings Hapag-Lloyd reported Thursday. Earnings before interest, taxes, depreciation and amortization jumped from $3.02 billion in 2020 to $12.8 billion in 2021.

“We...

https://www.freightwaves.com/news/dal-acquisition-part-of-hapag-lloyds-strategic-growth-in-africa

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