Hapag-Lloyd says it can cope with U.S.-China tariffsShipping, a proxy for trade and a health measure of the world economy, could see transport volumes rise between 2.8% and 3% in 2025, said C...
06 Feb, 2025, 10.34 AM IST
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...
10 Sep, 2024, 02.57 PM IST
Hapag-Lloyd CEO sees solid shipping demand driving up freight ratesThe demand trend, combined with the Red Sea re-routings and port congestion in Asia, have counteracted what could have turned into a loomin...
04 Jul, 2024, 11.47 AM IST
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...
06 Jun, 2024, 10.35 AM IST
The $10,000 shipping container looms in latest trade strainsWith capacity stretched by more than five months of attacks on vessels in the Red Sea, the container shipping industry is scrambling to mee...
30 May, 2024, 10.14 AM IST
Hapag Lloyd CEO says he expects Red Sea crisis to end this yearShip operators face prolonged disruption as Yemen-based Houthi militants attack vessels travelling on one of the world's busiest routes, ca...
30 Apr, 2024, 10.24 AM IST
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...
24 Nov, 2023, 10.28 AM IST
Container shipping bracing for downturn, Hapag-Lloyd Chief saysMaersk recently said it’s cutting at least 10,000 jobs to shield its profitability in a market that may remain weak until about 2026.
10 Nov, 2023, 09.32 AM IST
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...
19 Oct, 2023, 03.06 PM IST
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...
15 Sep, 2023, 08.35 AM IST
'Party is over': Hapag Lloyd CEO says freight rates to keep decliningHapag Lloyd also expects freight rates will not fall below costs, which were being kept high by expensive charter rates, high fuel costs an...
02 Feb, 2023, 10.04 AM IST
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...
26 Jan, 2023, 09.25 AM IST
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 ...
26 Jan, 2023, 12.51 AM IST
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...
11 Nov, 2022, 09.26 AM IST
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...
13 Aug, 2021, 10.33 AM IST
Ocean-shipping demand staying ‘very strong,’ Hapag CEO saysTo help alleviate the tight capacity Hapag-Lloyd is ordering more new containers and urging customers to return the existing boxes in its f...
09 Apr, 2021, 09.08 AM IST
- 'Damco would like to grow faster than market in India'
Effective September 7, 2009, Maersk Logistics and Damco will be integrated into a single brand under the name Damco. Rolf Habben-Jansen, CE...
07 Sep, 2009, 12.35 AM IST