Container Shipping

Hapag-Lloyd Posts Q1 Profit Drop, Raises Lower End Of Outlook

German container firm Hapag-Lloyd has posted an 84% drop in first-quarter net profit but raised the lower end of its 2024 outlook amid rising demand and fr...

Maersk Says Red Sea Disruption Will Cut Capacity By 15% To 20% In Q2

The disruption to container shipping traffic in the Red Sea is increasing and is expected to reduce the industry's capacity between the Far East and Europe...

Hapag-Lloyd Posts 83% Lower Net Profit In 2023

German container shipper Hapag-Lloyd has posted a net profit of €3.0 billion for 2023, down 83% from a year earlier, and cut its dividend by 85% in wh...

Geopolitical Upheaval And Legislative Change: More Turmoil For Shipping?

The maritime sector has been beset with disruption recently – geopolitical, legislative and climactic. Lena von Fritschen, director, market inte...

Hapag-Lloyd Sees Net Profit Fall Two Thirds In First Half

German container shipper Hapag-Lloyd has posted a net profit of €2.9 billion for the first half of 2023, down by 67% from a year earlier, but maintain...

Maersk Secures Fuel For First Methanol Container Ship Journey

Denmark's Maersk has secured fuel for the first container vessel able to run on carbon-neutral methanol for its inaugural journey from South Korea to Denma...

Hapag-Lloyd Spending Big Money On Fleet, Eyes Port Investment

German container shipper Hapag-Lloyd is spending billions on expanding and renewing its fleet and looking at investing in more port infrastructure to exten...