Hapag adds West Africa links

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 timing for its West Africa Express, connecting Tanger, Dakar, Tema and Abidjan. [+]

Hapag-Lloyd invests in India

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 ... [+]

Green light for Hapag’s Spinelli stake

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 ... [+]

Hapag-Lloyd profits up but outlook uncertain

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 ... [+]

Hapag-Lloyd to buy Latam terminals business

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 ... [+]

Hapag completes DAL buy

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, ... [+]

Hapag-Lloyd buys German terminal stake

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. [+]

Hapag-LLoyd sets up in Morocco

Hapag-Lloyd has set up its own representation in Morocco. The headquarters is in Casablanca and there are satellite offices in Tangier and Agadir, with a staff of47. The line serves the country through Tanger-Med port. [+]

More boxes to clear the backlog

Hapag-Lloyd has ordered another 75,000teu of dry containers from a manufacturer in China, due to be delivered in the fourth quarter of 2021. The line has ordered a total of 625,000teu since the beginning of 2020. It said that due to massive congestion at ports, terminals and inland operations worldwide, ... [+]

Hapag-Lloyd opens Ukraine office

Hapag-Lloyd has opened a new office in Odessa, Ukraine with 21 employees. The German liner operator says that with mineral resources and the world's largest agricultural production, the country is an attractive export market for Hapag-Lloyd. It is also an important import country for electronics, machinery and consumer goods. [+]

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