Tag Archives: Hapag-Lloyd

Hapag-Lloyd AG is discussing a possible merger with Cia

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Hapag-Lloyd AG is discussing a possible merger with Cia. Sud Americana de Vapores SA, Latin America’s biggest container shipping line, as the companies struggle to overcome a global trade slump that has left their industry in crisis.

Talks are focused on whether “a possible business combination or any other form of association would be of mutual interest,” Hamburg-based Hapag-Lloyd said in a statement today.

CSAV shares rose 3 per cent to 29.40 pesos at 12.21pm in Santiago, bringing their two-day gain to 16 per cent after Die Welt newspaper first reported the talks yesterday. Hapag-Lloyd, the biggest German container line with a fleet of 152 vessels, is still reeling from the downturn triggered by the 2008 collapse of Lehman Brothers Holdings Inc. – (Bloomberg)

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Hapag-Lloyd to raise Asia-Europe rate US$500/TEU on January 6

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HAPAG-LLOYD has announced a general rate increase of US$500 per TEU for all cargo and container types in the Far East westbound trade from East Asia to Europe from January 6.

The general rate increase will apply to all shipments from East Asia (excluding Japan) to all north Europe and Mediterranean destinations, including the Black Sea and North Africa.

Source: Schednet

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Container firms order new ships to gain economies of scale

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Global container shipping companies have a strong appetite for new vessels, despite existing overcapacity, because they want to trade up to larger ships to benefit from economies of scale, according to shipping analysts.

Shipping association Bimco expects total container shipping fleet capacity to grow by 5.9 percent in 2013, although estimates for the amount of container capacity being scrapped are at a record high.

“Despite the challenge they face, the second tier carriers continue to have a strong appetite for new capacity,” shipping newsletter Alphaliner wrote on Tuesday.

Ordering new ships is aimed at lower operating costs to match economies of scale enjoyed by the largest carriers with the biggest vessels.

Alphaliner said the order book of the three largest carriers, Maersk Line, part of Danish conglomerate A.P. Moller-Maersk (MAERSKb.CO), Switzerland’s Mediterranean Shipping Company and France’s CMA CGM CMACG.UL, currently stands at 15.6 percent of their current fleet.

The combined order book of the next 18 carriers has reached 19.8 percent of their existing fleet.

Nine of 17 carriers reported positive operating earnings in the third quarter, but performances of individual carriers were mixed and operating profit or loss ranged from minus 5.1 percent for Regional Container Lines RCL.BK to plus 8.1 percent for Maersk Line.

“The largest carriers continue to enjoy significant scale advantages, with Maersk and CMA CGM, the first and third largest carriers, continuing to outperform the rest of the industry,” Alphaliner said.

Maersk Line has take delivery of five mega ships with a capacity of 18,270 TEU each this year and another 16 sister ships will be finished by DSME (042660.KS) shipyard in South Korea and delivered within the next year and a half.

The average size of container ships on the busy routes between ports in Asia and Northern Europe exceeded 10,000 TEU earlier this year.

Bimco expects that vessels with a total capacity of 450,000 twenty-foot containers (TEU) will be scrapped in 2013, which is the highest annual total ever to be scrapped in the industry.

“It is one of the best ways the industry can help themselves,” shipping analyst Peter Sand from Bimco said.

He said the average age of scrapped container ships has fallen to around 22 years from around 30 years a few years ago.

The container shipping industry has been struggling with overcapacity because of too many vessels and too few goods to transport as a result of the economic downturn.

Maersk Line, the global market leader with nearly 600 container vessels, has said it planned to increase spot rates on routes from Asia to Northern Europe by $750 per TEU with effect from December 15, a 75 percent increase if successful.

Competing liners such as Israel Corporation-controlled (ILCO.TA) Zim Lines, Chinese company Orient Overseas Container Line (0316.HK), South Korea’s Hanjin Shipping (117930.KS) and German-based Hapag-Lloyd HPLG.UL have also announced rate rises with effect from mid-December.

Bimco expects fleets to grow by a lower pace in 2014 than in 2013.
Source: Reuters (By Ole Mikkelsen, editing by Anthony Barker)

G6 Alliance to Expand Coverage to Compete With P3

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The G6 Alliance unveiled plans today to expand into the trans-Atlantic and Asia-U.S. West Coast trade lanes in a widely expected response to the proposed P3 Network partnership between the world’s three largest carriers, Maersk, Mediterranean Shipping Co. and CMA CGM.

The G6 carriers — Hapag-Lloyd, NYK, OOCL, Hyundai Merchant Marine, APL and MOL — will deploy 240 container ships serving 66 ports in Asia, America and Europe.

The alliance plans to complete the expansion of services by the second quarter of 2014, pending regulatory approval, to coincide with the launch of the P3 network on the Asia-Europe, trans-Atlantic and trans-Pacific routes. Details on port coverage will be announced at a later date.

The lines, which currently cooperate on the Asia-Europe and Asia-U.S. East Coast routes, will operate 76 vessels covering 12 services connecting 27 ports in Asia and on the West Coast of the United States.

A further 42 ships will operate five trans-Atlantic services, including two pendulum services, calling at 25 ports in the U.S., Canada, Panama, Mexico, the Netherlands, the U.K., France, Belgium and Germany.

“The proposed expansion will complement our existing services in the Asia–North America East Coast and Asia–Europe trades, allowing us to deploy the most suitable ships for each loop across the trades,” the G6 carriers said in a joint statement.

“With greater service flexibility and operational synergies, the G6 alliance will have an even more resilient and robust network – giving shippers a wider coverage area and shorter transit times without reducing the total capacity.”

Each G6 carrier will be able to offer almost twice as many sailings on the Asia-North America trade as what it currently operates separately, the alliance said.

The six container lines that make up the G6 accounted for 27.1 percent of U.S. containerized export trade and 28.6 percent of U.S. containerized import trade in the first nine months of 2013, according to information compiled from PIERS, the Data Division of JOC Group Inc. Not all services offered by these lines will be included in the G6 expansion; Hapag-Lloyd, for example, has noted that it will continue to offer its Montreal and ATA services, as well as Mediterranean services, outside of the G6.

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Hapag-Lloyd, CSAV Discuss Joint Opportunities

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Hapag-Lloyd and CSAV are currently maintaining dialogue regarding the possibilities of mutual interest should the companies engage in a business partnership or any other form of association. To date, these discussions have not resulted in any binding or nonbinding agreement between the parties.

Hapag-Lloyd said more information will be published should any relevant development occur.


Hapag-Lloyd: South America West Coast – Service to and from Bolivia

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Hapag-Lloyd will adjust the service to and from Bolivia.

We would like to inform you that Hapag-Lloyd will adjust the service to and from Bolivia. The current feeder service with Transmares S.A.S. calling Arica via Callao transshipment will stop calling Arica as from December 12, 2013.

In consequence we will start servicing cargoes to Bolivia on our Asia South America West Coast Service (ASW) through the port of Iquique to/from all trades as from December 12, 2013 – The Inland transport to/from Bolivia will be performed on merchant haulage basis.

The ASW service offers weekly calls to the ports of Iquique, Valparaiso, Lirquen, Callao, Manzanillo (MX) and Asian base ports with the following best routing options:

  • To/From North America East Coast/Caribbean/North Europe:
    via Callao
  • To/From North America West Coast/Central America/South Europe/Asia:
    via Manzanillo (MX)


  • Iquique Terminal International (ITI) stacking schedule:
  • Thursday, Friday and Saturday from 08:00 to 21:00 hours
  • Dangerous cargo subject IMDG class and UN number
  • Out of Gauge cargo subject to equipment and space availability
  • Reefer cargo subject to equipment and space availability

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