Only 10 vessels cross Strait of Hormuz since US-Iran truce as world’s oil lifeline remains frozenThe Strait of Hormuz sees minimal ship traffic post-ceasefire. Only a handful of vessels have navigated the crucial waterway amid ongoing c...
Hapag-Lloyd CEO sees ‘huge surge’ in volume last few daysHapag-Lloyd AG, a major container carrier, reports a significant business surge. This follows the US and China easing tariffs. The demand f...
Maersk and Hapag-Lloyd announce two ocean network options with equal industry-leading schedule reliabilityMaersk and Hapag-Lloyd are set to launch their Gemini Cooperation in February 2025, aiming to create a flexible and interconnected ocean ne...
Hapag-Lloyd CEO says demand up significantly since MayWith some 280 ships, Hapag-Lloyd is the world's fifth-largest shipping company, and connections to North America have traditionally been an...
Maersk, Hapag-Lloyd team up in shakeup of ship alliancesThe announcement from Copenhagen-based Maersk and Hapag-Lloyd of Hamburg, Germany, marks another retooling of the world’s three major shipp...
Hapag-Lloyd CEO optimistic that shipping markets will rebalanceThe The company had earlier said in November that it would reduce some services to save costs and stem falling profits as freight rates div...
JM Baxi Group promoter moves HC over stake buy in arm by Hapag-LloydVir Kotak, a promoter of JM Baxi Group, has approached the Bombay High Court to intervene in the acquisition of JM Baxi Ports & Logistics b...
Musk’s Starlink beams to container ships so crews can web surfThe largest container shipping line based in Germany,Hapag-Lloyd AG, has said that it would install SpaceX’s Starlink service on the ships ...
Dheeraj Bhatia appointed to executive board of Hapag-LloydIndian-origin executive Dheeraj Bhatia has been appointed to the executive board of Hapag-Lloyd and as chief executive officer of its inter...
Hapag-Lloyd Buys 35% in JM Baxi PortsThe closing of the transactions is subject to approval by the relevant authorities and to additional conditions customary for a transaction...
Hapag-Lloyd AG buys into J M Baxi Ports & LogisticsAdditionally, Hapag-Lloyd AG signed a binding agreement with JMBPL and its promoters, the Kotak family, to subscribe to a capital increase ...
No more smooth sailing as shipping giant sees 'difficult waters' aheadResults were boosted by an average rate for 20-foot containers that was $2,938 during the nine-month period, compared with $1,818 a year ea...
Hapag-Lloyd sees no let-up in tight shipping capacityWhile supply chain strains bolstered shipping rates and earnings they are expected to weigh on volumes, with the group expecting an increas...
- Hapag-Lloyd deal hit by downturn
The much-touted sale of German box line Hapag-Lloyd is now seems to be hit by the downturn in container business.
- TUI to sell Hapag-Lloyd shipping unit for $6.04 bn
German tourism company TUI AG said on Sunday it will sell its marine shipping unit Hapag-Lloyd to a consortium of investors in a euro4.45 b...
- Singapore's NOL looking at possible Hapag-Lloyd tie-up
Singapore-based Neptune Orient Lines (NOL) is considering a possible merger with German line Hapag-Lloyd, NOL's president was quoted as say...
- TUI denies merger talks with Neptune
European travel company TUI has denied a report that it is in merger talks with Neptune Orient Lines, operator of Southeast Asia’s largest ...