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August 31, 2015 8:04 AM ET

Marine

Company Overview of Hapag-Lloyd AG

Company Overview

Hapag-Lloyd Aktiengesellschaft, together with its subsidiaries, operates as a liner shipping company worldwide. It transports hazardous goods by sea, road, rail, and inland waterway vessels; and provides reefer solutions to transport temperature-sensitive products, including perishable cargoes; and high value reefer cargoes, such as pharmaceuticals, healthcare products, and more. The company also offers security information services; e-commerce solutions in the shipping industry; logistics services, such as pre-carriage and on-carriage transport services; and customs clearance services. In addition, it operates fleet of US Flag vessels that offers transport services for various kinds of carg...

Ballindamm 25

Hamburg,  20095

Germany

Founded in 1847

10,390 Employees

Phone:

49 40 3001 0

Fax:

49 40 330053

Key Executives for Hapag-Lloyd AG

Chairman of The Executive Board and Chief Executive Officer
Age: 49
Chief Financial Officer and Member of Management Board
Age: 39
Chief Operating Officer and Member of The Executive Board
Age: 62
Senior Director of Group Communications
Senior Director of HR Management
Compensation as of Fiscal Year 2015.

Hapag-Lloyd AG Key Developments

Hapag-Lloyd AG Reports Earnings Results for the First Half of 2015 ; Provides Guidance for the Year 2015

Hapag-Lloyd AG reported earnings results for the first half of 2015. In the first half of 2015, the company increased transport volumes and revenue as well as earnings. Volume growth was driven by the merger with Compa--a Sud Americana de Vapores (CSAV). The transport volume increased to around 3.7 million TEU in the first six months of 2015, up 29.4% compared to the same period in 2014 and mainly due to the merger with CSAV. The average freight rate in the first half of 2015 came in at 1,296 USD/TEU, 9% below the same period of 2014. In the first half of 2015 revenue increased by EUR 1.5 billion to EUR 4.7 billion. Earnings increased as a result of initial synergies from the CSAV merger and additional cost savings from the OCTAVE program. In the first half of 2015, the company achieved an EBITDA of EUR 493.3 million (prior year period: EUR 67.2 million) and an operating profit of EUR 267.7 million (prior year period: EUR -101.5 million). The company recorded a profit of EUR 157.2 million (prior year period: EUR -173.3 million). on track to achieve clearly positive full year The company announced that it is on trach to achieve clearly positive full year operating results in 2015. The market environment remains very challenging, but the company is well positioned in the market and remain highly resilient due to Hapag-Lloyd's well-balanced portfolio of trades and services.

Hapag-Lloyd Announces Order for 6,000 New Generation Reefer Containers

Hapag-Lloyd AG has announced an order for 6,000, or 12,000TEU, new generation reefer containers. In April this year, Hapag-Lloyd had already ordered five new 10,500 TEU ships with a high number of slots for reefers. Each of these ships can accommodate up to 2,100 reefers. The newbuildings are to be used primarily on trades to and from South America, as this region is one of the strongest reefer markets in the world. The new reefers are to be gradually integrated into the container fleet, starting in the coming weeks.

Hapag-Lloyd AG, H1 2015 Earnings Call, Aug 26, 2015

Hapag-Lloyd AG, H1 2015 Earnings Call, Aug 26, 2015

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 6, 2015
CSAV Germany Container GmbH
 

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