Hapag-Lloyd

Services

Hapag-Lloyd restarts China-Germany Express (CGX)

Hapag-Lloyd will relaunch its standalone China-Germany Express (CGX) peak season service from 16 June 2024. The revised CGX will take the longer Cape route calling at Yantian, Singapore, Tema, Wilhelmshaven, Antwerp, Yantian with the addition of a new call at Tema in Ghana that will offer relay connections to other West African ports. The new CGX will turn in 12 weeks using up to 12 ships of 2,800 to 9,300 teu, starting at Yantian on 16 June with the 3,398 teu EXPRESS ARGENTINA. Hapag-Lloyd f

Companies

Hapag-Lloyd 1Q 2024 Results

EBIT turned around in 1Q 2024 from 4Q 2023 losses on sequentially higher freight rates. Management lifted lower end of the EBIT guidance from negative $1bn to breakeven while keeping the upper end of the guidance unchanged at $1bn.

Services

THE Alliance revises PN2 after reinstatement of PN3 service

THE Alliance carriers (Hapag-Lloyd, HMM, ONE and Yang Ming) will revise the rotation of Asia-Pacific Northwest transpacific PN2 service following the reinstatement of the PN3 service on 19 April 2024. The new rotations of the affected services are as follows:- PN2 (revised from 10 April 2024) : Singapore, Laem Chabang, Cai Mep, Yantian, Tacoma, Vancouver, Tokyo, Kobe, Singapore. The service will turn in 9 weeks using 9 ships of 10,000 to 12,700 teu on a shortened rotation with eastbound calls

Services

THE Alliance delays relaunch of EC4 all-water service

THE Alliance carriers (Hapag-Lloyd, HMM, ONE and Yang Ming) has announced the postponement of the Asia-US East Coast 4 (EC4/Suez1) service relaunch that was originally scheduled from 15 April 2024 after a 6 month suspension. The EC4/Suez1 was to deploy up to 13 ships of 13,000-14,000 teu with a new rotation calling at Kaohsiung, Xiamen, Yantian, Cai Mep, Singapore, Norfolk, Savannah, Charleston, New York, Singapore, Kaohsiung with the former call at Hong Kong omitted and divert from the Suez to

Companies

Hapag Lloyd 4Q report: losses, cautious guidance

Hapag Lloyd reported EBIT losses of $251m for the 4th quarter of 2023, with a muted earnings guidance for 2024 despite the expected earnings upside after the rebound in freight rates following the Red Sea crisis. Historically, Hapag-Lloyd’s earnings guidance have been overly conservative as out of the 9 previous guidance provided since 2015, Hapag Lloyd delivered better-than-expected results 6 times and was in-line 2 times.

Services

Hapag-Lloyd & Norsul launch joint venture Norcoast cabotage service in Brazil

The new Norcoast cabotage service in Brazil was launched on 6 February 2024 at Santos. The Norcoast service will connect Santos, Paranagua, Suape, Pecem, Manaus, Pecem, Suape, Santos using a total of 4 ships starting with the NC BRISA on 6 February, NC BRUMA on 13 February, NC BREDA from 20 February and the NC BRAVO from 27 February. The 4 ships were all former NileDutch ships of 3,508 teu built in 2014/2015 that were taken over by Hapag-Lloyd in 2021. These ships have been reflagged to the Braz

Services

Hapag-Lloyd and ONE add separate Jeddah feeder connections

Hapag-Lloyd has launched an ad hoc Jeddah Express (JDX) service connecting Tanger Med, Damietta, Jeddah, Damietta, Tanger Med to facilitate cargo connections to Jeddah that are affected by the Red Sea blockade since December 2023. The service will connect to Jeddah via the Suez Canal from the north, allowing it to avoid the Gulf of Aden. The 4,252 teu SEASPAN HAMBURG has been deployed on the JDX since 31 December 2023, with the 2,518 teu ZHONG GU XIONG AN joining the service on 29 January. The

Markets

Alliance revamp in 2025 set to disrupt liner market balance

Maersk and Hapag-Lloyd announced on 17 January 2024 the formation of a new long-term global alliance named Gemini Cooperation that will start from February 2025. The move comes one year after the announcement of the break up of the 2M partnership between Maersk and MSC on 25 January 2023 with a 2 year notice period that will take effect from January 2025. Hapag-Lloyd has also given a one year notice to its partners in THE Alliance for an early termination of its participation in the partnership

Services

Hapag-Lloyd withdraws from THE Alliance to form Gemini Cooperation with Maersk

Maersk and Hapag-Lloyd announced on 17 January 2024 the formation of a new long-term global alliance named Gemini Cooperation that will start from February 2025. The move comes one year after the announcement of the break up of the 2M partnership between Maersk and MSC on 25 January 2023 with a 2 year notice period that will take effect from January 2025. Hapag-Lloyd has also given a one year notice to its partners in THE Alliance for an early termination of its participation in the partners

Services

Hapag-Lloyd adds Tanger-Damietta-Jeddah service for Red Sea cargo affected by diversions to Cape route

Hapag-Lloyd will introduce a new shuttle service for Red Sea cargo connections calling at Tanger, Damietta, Jeddah, Tanger from 19 January 2024 using the 4,252 teu SEASPAN HAMBURG. The service will turn on a 10-12 day frequency initially with feeder connections offered at Jeddah to Aqaba and Port Sudan. The temporary solution will replace current connections to the Red Sea that have been affected by vessel diversions to the Cape route.

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