Hapag Lloyd

Hapag-Lloyd Keeps Recently Raised Outlook Despite Nine-Month Profit Drop

German container firm Hapag-Lloyd on Thursday posted a 47% drop in net profit for the first nine months of 2024 but retained its recently raised earnings o...

Ocean Shipping's Zero-Emissions Push Needs Government Support, Maersk Says

The Alette Maersk was the first container vessel powered by low-carbon methanol fuel to cross the Pacific Ocean – a milestone in the shipping industr...

Shipping Group CMA CGM Gets Q1 Boost But Sees Overcapacity Looming

CMA CGM benefited in the first quarter from a rebound in demand for consumer goods and higher freight rates linked to Red Sea disruption, but expects an in...

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...

Container Rates Drop To Unsustainable Levels, Maersk CEO Says

The global container shipping market faces overcapacity in the coming years and the rates paid by customers have fallen to an unsustainable level, Maersk C...

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...

Maersk Warns Oversupply To Hit Profits Amid Red Sea Uncertainty

Maersk said Red Sea trade disruptions would not be a major boost for the company and an oversupply of vessels would hit its earnings this year.

Hapag-Lloyd, Maersk Sign Long-Term Collaboration Deal

Hapag-Lloyd and Maersk have signed an agreement for a new long-term collaboration starting February 2025 with a combined capacity of 3.4 million conta...