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May 03, 2015 10:20 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

10,949 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: 48
Chief Financial Officer and Member of Management Board
Age: 38
Chief Operating Officer and Member of The Executive Board
Age: 61
Senior Director of Group Communications
Senior Director of HR Management
Compensation as of Fiscal Year 2014.

Hapag-Lloyd AG Key Developments

Hapag-Lloyd Not Seeking Acquisition In Near future

Hapag-Lloyd AG is not planning to look for merger and acquisitions. The company is optimistic about current market conditions and has ruled out further merger or acquisition ambitions in the immediate future as it works back towards profitability.

Hapag-Lloyd and DB Schenker Sign Strategic Partnership Agreement

Hapag-Lloyd AG and DB Schenker have signed a strategic partnership agreement to reduce CO2 emissions. The agreement sees Hapag-Lloyd commit to reducing the CO2 emissions for each and every DB Schenker shipping container it transports by 6% on the 2014 figure by 2020. With the six-year partnership, both companies are reinforcing their commitment to the environment and to sustainable business practices.

Hapag-Lloyd AG Reports Earnings Results for the Year 2014

Hapag-Lloyd AG reported earnings results for the year 2014. For the year, the company reported average freight rate was down 3.2% year-on-year at USD 1,434/TEU, while revenue rose by 3.7% to EUR 6.8 billion. EBITDA came to EUR 98.9 million against EUR 389.1 million and the operating result negative of EUR 112.1 million against operating results of EUR 67.2 million. The group net result negative of EUR 603.7 million against EUR 97.4 million was heavily influenced by one-off effects, primarily the costs of acquiring and integrating CSAV's container liner shipping activities and an impairment recognized for a portfolio of old ships.

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