Hapag-Lloyd will continue to operate its dedicated China Germany Express (CGX) service using panamax ships of 4,000-5,000 teu but the sailing frequencies will be reduced with only 4 sailings to be offered in January and February 2023. The service was first launched on 9 April 2022 as a 2 port shuttle service connecting Dachan Bay and Wilhemshaven to turn in 56 days, offering a direct weekly link from China to Germany with a one way transit time of 27 days. The original plan to call at Hamburg
The main carriers’ average EBIT margins fell by 3.4% from the 2Q peak of 54.3% to 50.9%. However, the gap between individual carriers are widening, with some notable drops at Wan Hai (down 13.0%), OOCL (down 8.3%), HMM (down 6.8%) and Yang Ming (down 6.1%). Carriers with a larger share on the Asia-US West Coast have suffered the largest margin erosion, with a sharper drop expected in 4Q 2022 as the rate malaise has spread to other tradelanes.
Hapag Lloyd reported 3Q results before Europe opens on 10 Nov 2022 with a set of strong earning results. Full quarter effect of new contracted rates and Transatlantic exposure pushed earnings higher QoQ. Management keeps FY guidance unchanged, suggesting 4Q EBIT to fall 17% QoQ.
Hapag-Lloyd has added Shanghai to the China-Germany Express (CGX) rotation and replaced the current Le Havre call with Antwerp. The revised CGX will call at Shanghai, Dachan Bay, Singapore, Wilhelmshaven, Antwerp, Shanghai starting from 8 November with the 4,252 SEASPAN HAMBURG. The total service duration will increase from 8 weeks to 9 weeks, with 9 ships of 2,500-4,800 teu to be deployed. New CGX service rotationThe service was first launched on 9 April 2022 and called at Dachan Bay, Wilhel
Hapag-Lloyd will pay approximately $1 Bn to acquire 100% of the shares of SAAM Ports and SAAM Logistics as well as real estate assets related to the logistics business of Chilean ports and towage company SAAM. SAAM expects to book a net profit of $400 m on the deal that was signed on 4 October 2022. The transaction includes the sale of SAAM’s ownership stake in ten port terminals across six countries in the Americas, bonded warehouses and integrated logistics operations in South America. Detai
Hapag-Lloyd has introduced a new Chittagong Colombo Feeder (CCF) service starting from 23 September 2022 with the 1,740 teu HANSA RENDSBURG at Colombo. The service is aimed at relay connections at Colombo to Europe and North America destinations from Bangladesh. Hapag-Lloyd CCF port rotation
Hapag Lloyd is launching a Colombo Chittagong Feeder (CCF) starting from 30 September 2022 with 1,740 teu HANSA RENDSBURG at Chittagong. The service will run on 14-days rotation on fortnightly basis. HANSA RENDSBURG was initially deployed in East Med trade after joining Hapag Lloyd in early August.
The best yard stick, in our view, measuring management performance is the financial return generate over time. And the most direct financial return for shareholders is the dividend pay-out relative to a company's market value. Liners have been swimming in cash on extraordinary earnings since 2021. Reasonably, they also distributed dividend generously. Between 2021 and July 2022 end, a total of $38bn* of dividend paid while another $14bn have been committed to be paid in 2022 by the 16 shipping
Saint John Express will run weekly in rotation, Hamburg - Antwerp - Saint John - Hamburg with 4 ships.
Maersk, Hapag-Lloyd and ONE will cooperate on the US West Coast-Central America route through a joint service arrangement on 2 existing services starting from the end of June 2022. Maersk, through its Sealand subsidiary, will join the MAREX/CCE service currently operated by Hapag-Lloyd and ONE, replacing one of the 2,800 teu ships from ONE, with the 3 partners to operate one ship each on the service that calls at Los Angeles, Mazatlan, Manzanillo, Lazaro Cardenas, Acajutla, Corinto, Caldera, Pu