Hapag-Lloyd

Transatlantic container shipping volumes into the U.S. are making a comeback as U.S. retailers look to replenish inventories ahead of possible strike action at U.S. ports. “There is some temptation by customers to bring in goods ahead of the labor contract expiry on Sept. 30,” Hapag-...

Hapag-Lloyd has doubled its container ship order, commissioning a South Korean shipyard to build six more mega-vessels. Each of the container ships will have a capacity of more than 23,500 twenty-foot equivalent units (TEUs). That's the same size as the six ultra-large ships Hapag-Lloyd ordered at...

Hapag-Lloyd has increased its container order by 60,000 twenty-foot equivalent units (TEUs). "The sharp increase in demand has led to a shortage of containers across the world. Severe imbalances — such as with exports from Asia but also owing to congestion in ports and delays in hinterland...

The German shipping line Hapag-Lloyd is not one to bandy about words like "whopping" or "skyrocketed" or "best ever" when describing bottom-line financial results. But the bottom line is Hapag-Lloyd's first-quarter 2021 earnings before interest and taxes of $1.5 billion equaled the EBIT for all...

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...

The Digital Container Shipping Association (DCSA) is continuing its efforts to make information sharing easier. On Tuesday the nonprofit specifically tackled ship-related information transparency with the publication of standards for the exchange of operational vessel schedules (OVS). The OVS...

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.  On April 9, FreightWaves ran Commentary: Can supply chain tech startups survive COVID-19?, followed on April 23 by Commentary: How supply chain startups are...

Hapag-Lloyd said Wednesday it had improved its year-over-year operating results by a whopping 80%. Hapag-Lloyd's earnings before interest and taxes (EBIT) for 2019 "significantly increased" to 811 million euros (US$908 million) from 444 million euros ($524 million) in 2018, according to...

The fifth-largest ocean carrier picks the leading provider of container management technology to handle its inland container haulage worldwide.  The fifth-largest ocean carrier by capacity said it will use a platform from Blume Global "to support its entire global network of motor carrier partners...

Hapag-Lloyd (ETR: HLAG) posted significant third quarter earnings and revenue increases as it managed to nudge up freight rates. The container shipping giant, which operates a fleet of 231 container ships with total transport capacity of 1.7 million twenty-foot equivalent units (TEU), saw revenues...

Hapag-Lloyd has added a sixth ship to its U.S.-flag Atlantic Loop 3 (AL3) service that calls on ports in North Europe and the U.S. East Coast and Gulf Coast. The company said the additional ship "will improve the reliability of the AL3 service for our customers and support our strategy of being...