Hapag-Lloyd CEO: COVID, congestion, container shortage form ‘perfect storm’

All eyes are on California’s San Pedro Bay. Hapag-Lloyd focused on the congestion crisis at the ports of Los Angeles and Long Beach during a virtual press conference conducted Thursday from Germany with media outlets around the globe. 

“Today there is fairly extreme port congestion,” Hapag-Lloyd CEO Rolf Habben Jansen said, sharing an image crowded with dots representing ships anchored in San Pedro Bay waiting to berth. Jansen did not count the dots, but Port of LA Executive Director Gene Seroka...

https://www.freightwaves.com/news/hapag-lloyd-ceo:-covid-congestion-container-shortage-form-perfect-storm

Shattered Schedule Recovery Resulting Delayed Sailings

More ships are being held at departure ports in Asia for a week or more, as carriers wrestle with the recovery of their shattered schedules, says an article published in the loadstar.

Warning More Sailings to be Delayed

They have drawn a blank in their attempts to secure additional capacity to mitigate the impact of port congestion, and are warning shippers to expect more sailings to be delayed.

Rolf Habben Jansen

Hapag-Lloyd CEO Rolf Habben Jansen told customers today the carrier’s fleet was “fully...

https://mfame.guru/shattered-schedule-recovery-resulting-delayed-sailings/

Hapag-Lloyd’s earnings ‘significantly higher’ despite uncertainty of 2020

Hapag-Lloyd issued its preliminary 2020 results on Wednesday and said earnings were “significantly higher despite the coronavirus pandemic.” In fact, earnings before interest, taxes, depreciation and amortization (EBITDA) were some $900 million higher than in 2019.

The German shipping line reported 2020 EBITDA of $3.1 billion, up from $2.22 billion the year before. 

According to the preliminary figures, earnings before interest and taxes (EBIT) increased to about $1.5 billion, up from $908...

https://www.freightwaves.com/news/hapag-lloyds-earnings-significantly-higher-despite-uncertainty-of-2020

Hapag-Lloyd, ONE order ultra large container ships

Two days before Christmas, Hapag-Lloyd presented its plans for six container ships, each with a carrying capacity of more than 23,500 twenty-foot equivalent units (TEUs). On Christmas Eve, Ocean Network Express (ONE) announced it had signed a letter of intent for the long-term charter of six vessels, each with a capacity of more than 24,000 TEUs. 

Hapag-Lloyd’s six ultra large container ships will be built at the Korean shipyard Daewoo Shipbuilding & Marine Engineering and delivered between...

https://s29755.pcdn.co/news/hapag-lloyd-one-order-ultra-large-container-ships

Career Tracks: World Shipping Council elects CEOs co-chairs

Rolf Habben Jansen, CEO of Hapag-Lloyd, and Jeremy Nixon, CEO of ONE, have been elected co-chairs of the board of directors of the World Shipping Council (WSC).

The board of directors also announced this week it had welcomed Matson Navigation and X-Press Feeders as new WSC members.

Jansen and Nixon have begun serving a two-year term as co-chairs. They succeeded Ron Widdows, who had served as the WSC chairman for more than a decade and previously announced his intention to step down once a...

https://s29755.pcdn.co/news/auto-draft

Analysis: Shamelessly lucky Friday the 13th for Hapag-Lloyd

It takes about three minutes to get away with a fair assessment of Hapag-Lloyd’s nine-month results (9M ’20), which were released today – and that’s regardless of the preliminary guidance update from mid-October.
In his prepared remarks, Hapag-Lloyd (HLAG) CEO Rolf Habben Jansen today – the full interim report, 60 pages, is here – said that:
“We have achieved a good result and strictly managed our costs while (…) benefiting from improved market conditions in the …

The post Analysis: Shamelessly...

https://theloadstar.com/analysis-shamelessly-lucky-friday-the-13th-for-hapag-lloyd/

Significant earnings jump spurs Hapag-Lloyd forecast revision

Hapag-Lloyd has raised its full-year forecast based on preliminary third-quarter figures showing a year-over-year earnings jump of €96 million ($112 million). 

Hapag-Lloyd, the world’s fifth-largest container carrier, said in an announcement Thursday that “due to the positive development in Q3,” it was raising its 2020 earnings before interest and taxes (EBIT) forecast to between €1.1 billion and €1.3 billion ($1.28 billion to $1.52 billion) and earnings before interest, taxes, depreciation and...

https://www.freightwaves.com/news/significant-earnings-jump-spurs-hapag-lloyd-forecast-revision

Hapag-Lloyd CEO cautious despite high demand, rates

Demand for ocean shipping is healthy again and freight rates are high, but Hapag-Lloyd CEO Rolf Habben Jansen doesn’t want to “get carried away,” cautioning there still could be economic hits to come from the continuing coronavirus pandemic. 

“The rates on the trans-Pacific have been very, very strong. Also Asia and Europe have been strong. Lately Latin America has been going up,” Jansen said during a press briefing last week.  

“Volume has not been as severely impacted by COVID-19 as we...

https://s29755.pcdn.co/news/hapag-lloyd-ceo-cautious-despite-high-demand-rates

Hapag-Lloyd profit swells despite shrinking volumes

Hapag-Lloyd maintains that despite doused volumes in the second quarter, it has the liquidity and strong earnings to stay well above water.

“After the year got off to a decent start, transport volumes significantly declined in the second quarter as a result of the COVID-19 pandemic. We benefited from the sudden drop in bunker prices, adjusted capacity to lower demand and took additional cost-cutting measures as part of our performance safeguarding program,” CEO Rolf Habben Jansen said in...

https://s29755.pcdn.co/news/hapag-lloyd-profit-swells-despite-shrinking-volumes

Hapag-Lloyd promising cargo loaded as booked

“Your cargo has been rolled.”

Not only does that statement elicit groans from customers, it causes delayed cargo, more administrative work and often additional commercial costs.

“With our newly launched loaded as booked quality promise, we spare our customers these headaches and inconveniences by promising to load more than 95% of their confirmed bookings on the exact ship specified in the reference or first booking confirmation,” Hapag-Lloyd announced Thursday.

Juan Carlos Duk, Hapag-Lloyd’s...

https://s29755.pcdn.co/news/hapag-lloyd-promising-cargo-loaded-as-booked

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