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Hapag Lloyd AG (HLAG.DE)

HLAG.DE on Xetra

36.74EUR
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Tue, Jul 10 2018

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Hapag-Lloyd CEO says sees no big shipping mergers at moment

FRANKFURT The chief executive of German container shipping liner Hapag Lloyd 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].

Hapag-Lloyd CEO says cutting costs as fuel prices rise

FRANKFURT 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.

UPDATE 1-Hapag-Lloyd CEO says cutting costs as fuel prices rise

* Mid-term fundamentals positive, but trade wars a threat (Adds reference to M&A talk, business environment)

Hapag-Lloyd CEO vows to stress cost management

FRANKFURT, July 10 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.

Exclusive: France's CMA CGM made merger approach to Germany's Hapag-Lloyd - sources

LONDON/FRANKFURT The world's no. 3 container shipping line, CMA CGM of France, has made an exploratory approach to German rival Hapag-Lloyd over a possible merger as players in the sector hunt for tie-ups to beat depressed conditions, finance sources say. | Video

Hapag-Lloyd slashes profit forecast as freight rates struggle to recover

FRANKFURT, June 29 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 container line Hapag-Lloyd scaling back Iran business

FRANKFURT 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.

German container line Hapag-Lloyd scaling back Iran business

FRANKFURT, June 11 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.

UPDATE 1-TUI sees healthy summer margins, eyes cruises growth

* Approves new cruises ship for Hapag-Lloyd brand (Adds CEO comments, details on summer bookings)

TUI confirms FY profit target, approves new ship for Hapag-Lloyd Cruises

BERLIN, May 9 Europe's largest travel and tourism group TUI Group said it had approved construction of another cruise ship for its Hapag-Lloyd cruise business and that summer trading was good as it reported second quarter results.

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