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Hapag-Lloyd Orders Another Six Ultra Large Container Vessels Of 23,500+ TEU
Hapag-Lloyd Further Expands Container Fleet
Hapag Lloyd Q1 Group Net Result Up At USD 1.5 Billion
Hapag Lloyd AG is a Germany-based company primarily engaged in the marine freight and logistics sector. The Company focuses on providing liner services between all continents. Its fleet comprises container vessels with capacity up to 10,500 twenty-foot equivalent units (TEU). Its products and services include e-business solutions, security information services, special cargo services, reefer solutions, customs clearance, as well as US flag services, among others. The Company also offers online tracing services for its clients. It operates worldwide in over 100 countries.
Chairman of the Supervisory Board
Rolf Habben Jansen
Chairman of the Executive Board, Chief Executive Officer
Second Deputy Chairman of the Supervisory Board
First Deputy Chairman of the Supervisory Board, Employee Representative
Chief Financial Officer, Member of the Executive Board
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* Coronavirus creates uncertainty going into 2021 (Adds interview with CEO)
* GETS 2020 OFF TO A DECENT START DESPITE CORONAVIRUS PANDEMIC, BUT UNCERTAINTIES REMAIN FOR THE YEAR
* EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTISATION (EBITDA) ROSE TO USD 2.2 BILLION (ALMOST EUR 2 BILLION)
The chief executive of German container shipping liner Hapag Lloyd <HLAG.DE> said he was not aware of major merger activities in the sector a day after a Reuters report said his company had been approached by French rival CMA CGM [CMACG.UL].
German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to slash full year earnings forecasts last month, its chief executive told shareholders on Tuesday.
German shipping company Hapag-Lloyd is to cut costs to combat runaway price increases in bunker fuels that caused it to slash full year earnings forecasts last month, its chief executive told shareholders on Tuesday.
The world's no. 3 container shipping line, CMA CGM of France, has made an exploratory approach to German rival Hapag-Lloyd <HLAG.DE> over a possible merger as players in the sector hunt for tie-ups to beat depressed conditions, finance sources say.
German container shipping line Hapag-Lloyd slashed its full-year profit forecast, saying that freight rates had recovered more slowly than expected while fuel and charter costs had ballooned.
German shipping line Hapag-Lloyd has stopped one of two feeder services to Iran and will decide on the remaining one before a Nov. 4 deadline imposed by the United States, which has reimposed sanctions on Tehran.
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