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August 03, 2015 2:36 PM 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

Neptune Orient Reportedly Up for Sale

Temasek Holdings (Private) Limited has put its Neptune Orient Lines Limited (SGX:N03) up for sale, according to people familiar with the situation. Neptune Orient, 65% owned by Temasek and listed in Singapore, has been shopped to prospective buyers in recent months, these people said. It has been in talks with one, but the two sides couldn’t agree on a price, according to one of the people. The discussions could include other potential buyers. Neptune Orient earlier was active in merger discussions with Hapag-Lloyd AG and Orient Overseas International Ltd. (SEHK:316). There’s pressure to consolidate in the industry, which has suffered from overcapacity in recent years.

Hapag-Lloyd Plans IPO; Reportedly Mandates Banks

Hapag-Lloyd AG is planning an initial public offering (IPO) and has mandated Deutsche Bank, Goldman Sachs and Berenberg to lead the transaction, two people familiar with the matter said. Dow Jones earlier reported that an IPO could value the group at more than $5.5 billion and could take place as early as autumn.

G6 Alliance Announces Asia–North America Service Enhancement

G6 Alliance announced a service enhancement in the Asia – North America (East Coast) trade. The AZX (Asia Suez Express) service will be upgraded to include an additional Halifax call. This move is expected to improve transit times from Canada to Asian and Mediterranean ports as well as from Asian and Mediterranean ports to New York. New port rotation: Laem Chabang – Singapore – Colombo – Damietta – Cagliari – Halifax – New York – Savannah – Norfolk – Halifax (new) – Cagliari – Damietta – Jebel Ali – Singapore – Laem Chabang. Effective voyage: Budapest Express BUX 029E ETA Laem Chabang 06 July 2015 & ETA Halifax 04 August 2015. The G6 Alliance members are: APL, Hapag-Lloyd, Hyundai Merchant Marine, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Orient Overseas Container Line.

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