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
his new Mediterranean, Caribbean, Central America, West Coast South America Express (MSW) service will run in rotation, Valencia – Livorno – Genoa – Barcelona – Caucedo – Cartagena – Paita – Posorja – Buenaventura – Puerto Limon (Moin) – Cartagena – Tangier – Malaga – Valencia with 7 ships
The shareholders agreement between CSAV, with Kühne Maritime and HGV Hamburger Gesellschaft fur Vermogens-und Beteiligungsmanagement (City of Hamburg has been extended from the end of 2024 to the end of December 2026. The agreement was first signed on 17 November 2014 for a term of 10 years, where the 3 parties agreed to retain their controlling shares in Hapag-Lloyd for 10 years (except for HGV who may release 50% of its shares after 5 years) and to pool their voting rights on all decisions re
Hapag-Lloyd will launch a new Turkey East Coast Express (TEX) connecting Mersin, Izmit, Aliaga, Tangier, New York, Norfolk, Savannah, Tangier, Mersin. The service will start from mid May 2022 and will deploy 6 ships. Rotation of the Hapag-Lloyd's TEX service
Hapag-Lloyd announced on 10 March 2022 that it has signed an agreement to acquire the container shipping business of Deutsche Afrika-Linien (DAL), subject to regulatory approvals. (Updated : Hapag-Lloyd announced on 1 June 2022 that the acquisition has been finalised after securing the approval of anti-trust authorities.) The Hamburg headquartered DAL owns a single 6,589 teu container ship DAL KALAHARI and operates a container fleet of 17,800 owned and leased container which will be taken ov