Business, Logistics, Top 50

Hapag-Lloyd CEO Says Ocean-Shipping Demand Staying ‘Very Strong’

A pair of shipping containers hang from a ship-to-shore crane while a Hapag-Lloyd ship is unloaded. Krisztian Bocsi/Bloomberg News

Robust demand for shipping goods across the world’s oceans shows no signs of slowing down, the chief executive of Germany’s largest container carrier said, signaling that elevated rates in the tight market for seaborne cargo may extend into the second half of the year.

Brendan Murray | Bloomberg News
April 9, 2021

Hapag-Lloyd Profit Warning Drags Down Shipping Sector Stocks

Hapag-LLoyd Jasper Juinen/Bloomberg News

Shares of German shipping line Hapag-Lloyd AG plunged as much as 22% after the company cut its profit forecast for the year, as overcapacity in the industry combined with rising fuel costs to put a squeeze on profit.

Phil Serafino | Bloomberg News
June 29, 2018
Business, Equipment

Steamship Line Hapag-Lloyd Raises Fees

Hapag-Lloyd ship at Port of Los Angeles Patrick Fallon/Bloomberg News

Steamship line Hapag-Lloyd will increase fees to transport freight to the United States and cross-border freight from Canada. Cargo between Canada and the United States will be subject to a carbon tax.

February 20, 2018
Business, Logistics

Financing Hitches Could Delay Hapag-Lloyd-UASC Shipping Merger

Fabian Bimmer/Reuters

A merger of German container shipping line Hapag-Lloyd and United Arab Shipping Co. likely will take months to complete, partly due to financing issues blamed on a deep industry downturn, sources familiar with the deal say.

December 20, 2016
Business, Logistics

Lower Profits Expected at Hapag-Lloyd Despite Merger Plans

Krisztian Bocsi/Bloomberg News

Hapag-Lloyd AG's share price fell the most since its initial public offering in November as a forecast of lower profit and a share-sale plan overshadowed a final deal to join forces with United Arab Shipping Co. to become the world’s fifth-largest container carrier.

Nicholas Brautlecht | Bloomberg News
July 18, 2016
Business, Logistics

Hapag-Lloyd to Buy United Arab Shipping Co. as Container Carriers Consolidate

Patrick T. Fallon — Bloomberg News

Hapag-Lloyd AG approved a plan to acquire all shares of United Arab Shipping Co., paving the way for the second merger in two years to bolster the position of Germany’s biggest container-shipping line in an industry plagued by excess capacity.

Nicholas Brautlecht | Bloomberg News
June 28, 2016
Business, Logistics

Hapag-Lloyd, Five Asian Liners Form New Shipping Alliance

Krisztian Bocsi/Bloomberg News

Hapag-Lloyd AG, Germany’s top container shipping line, and five Asian carriers will form a new vessel-sharing alliance to take on bigger rivals amid a glut in capacity that’s depressed freight rates.

Kiyotaka Matsuda | Bloomberg News
Chris Cooper | Bloomberg News
Kyunghee Park | Bloomberg News
Nicholas Brautlecht | Bloomberg News
May 13, 2016
Business, Logistics

Hapag-Lloyd, UASC in Merger Talks as Cargo-Price Crisis Lingers

Jasper Juinen/Bloomberg News

Hapag-Lloyd is in talks with United Arab Shipping Co. on a possible combination of their container businesses, potentially setting up the German company’s second merger in two years as the maritime-freight industry grapples with a drop in prices.

Nicholas Brautlecht | Bloomberg News
April 21, 2016
Business, Logistics

Hapag-Lloyd Seeks $500 Million From IPO Targeted for 2015

Jasper Juinen/Bloomberg News

Hapag-Lloyd, Germany’s biggest shipping line, is seeking to raise $500 million from the sale of new shares this year as it presses ahead with an initial public offering even as the Chinese economic slowdown and a rout in Volkswagen shares sparked turmoil on stock markets.

Nicholas Brautlecht | Bloomberg News
September 29, 2015