hapag-lloyd
Hapag-Lloyd has appointed Joerg Sonne as senior managing director region North Europe, succeeding Martin Rolf, who will take over the position of managing director human resources. Sonne joined Hapag-Lloyd following the merger with UASC and led Area Arabian Gulf from 2017 to 2022. For the last eight months, he has served as managing director area Germany and Central Europe. He will be based in Hapag-Lloyd’s headquarters in Hamburg.
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Hapag-Lloyd said that its EBIT earnings decreased to US$1.9 billion (€1.7 billion) compared to the same quarter last year, and the Group profit was also below the prior-year level, at US$ 2 billion (€1.9 billion). Transport volumes were 4.9% lower than in the first quarter of last year, at 2,842,000teu ...
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Hapag-Lloyd has opened an office in Bucharest, Romania, with 21 staff members. The line currently operates a weekly service to the Black Sea port of Constanța.
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Hapag-Lloyd has introduced a new service between Morocco and West Africa. WA1 will operate fortnightly between Tanger Med, Nouakchott, Freetown, Conakry, Monrovia, and back to Tanger from 15 May. Connections are available in Tanger with Hapag-Lloyd's global network. On 7 May, the carrier will also introduce a new rotation and ...
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Hapag-Lloyd is to acquire 35% of Indian private terminal and inland transport service provider JM Baxi Ports & Logistics (JMPBL) from a Bain Capital Private Equity affiliate, for an undisclosed amount. It has also signed a binding agreement with JMBPL and its promoters, the Kotak family, to subscribe to a ...
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Antitrust authorities approved Hapag-Lloyd’s acquisition of a 49% minority stake in Italian terminal and transport operator Spinelli Group on 12 January, for an undisclosed amount. The remaining 51% of the shares in the corporate group remain in the hands of the Spinelli family. The parties have agreed to not disclose ...
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Hapag-Lloyd said that its group profit climbed to US$14.7 billion in the first nine months of 2022 thanks to higher freight rates. However, it added that the market environment has deteriorated in the third quarter with falling spot rates and rising costs. Transport volumes were on a par with the ...
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Hapag-Lloyd is to acquire 100 % of the shares of Chile-based terminal operator SM SAAM Ports and SM SAAM Logistic, for around US$1 billion, subject to regulatory approval. SM SAAM operates 10 terminals in six North, Central and South American countries with around 4,000 employees and a combined container throughput ...
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Hapag-Lloyd has completed its acquisition of the container liner business of German carrier Deutsche Afrika-Linien (DAL). If follows signing of a framework agreement in March and the transaction had been approved by all antitrust authorities. Full commercial integration is expected to be completed by the end of 2022. In 2021, ...
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Hapag-Lloyd is to acquire a 30% stake in Container Terminal Wilhelmshaven and 50% of the shares of Rail Terminal Wilhelmshaven at JadeWeserPort, for an undisclosed amount and subject to regulatory approval. Terminal operator Eurogate will continue to hold the remaining shares.
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