The Port of Jacksonville is taking on a larger role in 2025 as ocean container lines add the north Florida hub to their global services.
Hapag-Lloyd’s dual-fuel-powered container ships will replace older vessels and reduce emissions.
German transportation provider Hapag-Lloyd reported preliminary nine-month profits and raised its full-year forecast as vessel diversions pushed up shipping rates.
Will shippers pull forward freight to avoid East Coast port labor disputes?
Container-ship route diversions — first to avoid the Panama Canal, now to avoid Red Sea chaos — could help offset rate pressure from newbuilding deliveries.
Cargo volumes are holding up, but rising transport capacity is outpacing demand, pushing container shipping rates even lower.
Inflation and economic fallout from the war are curbing demand just as a tidal wave of new ship supply hits the water.
Unprecedented supply-demand imbalances amid the pandemic led to historic dividend payouts by container shipping lines.
Spot ocean shipping rates from Europe to the U.S. held up much longer than trans-Pacific rates. Now they’ve sunk to historic lows.
“Weaker demand and lower freight rates are having a very noticeable impact on our earnings,” said Hapag-Lloyd CEO Rolf Habben Jansen.
The CEO of shipping line Hapag-Lloyd argues that current freight rates are unsustainable and will correct upward over time.
The 14,000-TEU One Stork on Tuesday became the largest container ship to call Jacksonville, Florida.
Quarterly net losses could be around the corner for container lines, but EBITDA will stay high even if carriers dip into the red.
Shipping lines like Hapag-Lloyd have suffered sharp rate falls from the peak, but they’re nowhere near financial distress.
The reversion in spot rates is pulling down contract rates, with a significantly delayed effect on ocean carrier earnings.
German ocean shipping company Hapag-Lloyd said its earnings before interest, taxes, depreciation and amortization jumped by $7.6 billion year over year.
“Terminal and infrastructure investments are a crucial element of our strategic agenda and India is one of our key growth markets,” Hapag-Lloyd CEO Rolf Habben Jansen said.
The blockchain-enabled global platform TradeLens will go offline by the end of the first quarter of 2023.
Ed Aldridge is retiring from CMA CGM America, and Uffe Ostergaard is leaving Hapag-Lloyd.
Earnings for Zim, the world’s 10th largest ocean carrier, peaked in the first quarter and continue to slide as rates fall.
Container shipping fundamentals are not as bad as spot rates imply, says the head of the world’s fifth-largest ocean carrier.
Rolf Habben Jansen, CEO of ocean carrier Hapag-Lloyd, gives his take on the “bullwhip effect,” rates and global trade.
CEO Rolf Habben Jansen said the SM SAAM S.A. acquisition is part of Hapag-Lloyd’s strategy to build “a robust and attractive terminal portfolio.”
Senior executive says “strategic assets along the supply chain are a key part of Hapag-Lloyd’s Strategy 2023.”
Trans-Pacific spot container shipping rates continue to head lower. Zim appears more at risk than some of its rivals.
Hapag-Lloyd bookings point to a gradual unwind of the container shipping boom, not a crash.
NOAA Fisheries aims to reduce whale strikes on the East Coast of the United States with new vessel speed regulations.
Shipping lines are still racking up extraordinary profits. Hapag-Lloyd forecasts continued strength in the second half.
Last year was historically strong for some maritime businesses, terrible for others. No matter what the sector, maritime CEOs made millions.
Container shipping rates remain far above pre-COVID levels, yet there are more signs of prices easing.
OceaNS Bridge Express, a partnership among NS, Union Pacific, Hapag-Lloyd and the Port of Virginia, could be a means to avoid West Coast port congestion while taking advantage of East Coast port capacity improvements.
“We are pleased with this settlement as it creates a common understanding in close cooperation and coordination with the authority on the future handling of demurrage and detention charges in the U.S.,” Hapag-Lloyd said.
Ocean carrier Hapag-Lloyd sees consumer demand and spot rates slipping, with market highs in the rearview mirror.
More than 20 years after the planning began, the Port of Savannah shipping channel has been deepened to 47 feet at low tide.
“Africa remains an important strategic growth market. Particularly for our service offering from and to South Africa, DAL is a valuable addition, allowing us to offer our customers a better network and additional port coverage in this region,” said Hapag-Lloyd CEO Rolf Habben Jansen.
Hapag-Lloyd is keeping its guard up after discovering a copy of its website that could have been used to steal the logins of the shipping line’s customers and employees.
Congressional watchdogs are alleging predatory pricing by three major container ship operators and want answers by March 16.
Container lines and tanker owners rapidly and preemptively suspend business with Russia.
Of 18 companies that Friend of the Sea evaluated, it identified Hapag-Lloyd as “the international shipping company most committed to minimizing the risk of whale ship strikes.”
“Everything we have sails. Every box we have we try to move,” says Hapag-Lloyd CEO Rolf Habben Jansen.
California drayage company Orange Avenue Express alleges ocean carrier Hapag-Lloyd is forcing it to act as a storage facility for refrigerated containers.
A container vessel made an emergency call at a Mexican port so sailors could seek medical attention for COVID-19.
Rates expected to remain strong into 2022, fallout from new ship deliveries in 2023-2024 to be muted.
A small number of non-U.S. entities determine vessel and container levels for U.S. ocean supply chains.
For the time being, two ocean services will not call Georgia’s busy Port of Savannah.
“This record result was achieved despite severe congestion around the network,” says the Hong Kong ocean carrier.
Yes, despite the headaches, the ocean carriers are making boatloads of money.
A National Labor Relations Board judge ruled the International Longshoremen’s Association cannot force the use of union labor at the Port of Charleston’s new Leatherman Terminal.
Liner profits still rising: second half looks stronger than first and Deutsche Bank sees even higher earnings next year.
Digitization can alleviate supply chain glitches, but it depends on systems that talk the same language.
U.S. rail terminals that handle imports are still grappling with chassis shortages, although efforts are being made to address overflow at the terminals.
Ocean carrier ZIM now expects to earn $4.8 billion-$5.2 billion this year — five times what it earned in 2020.
Ocean Network Express says the “economic environment is now changing” and it cannot forecast what the rest of 2021 holds, but Hapag-Lloyd can. It expects to triple 2020’s EBITDA.
An in-depth look at CEO compensation in container shipping, bulk shipping and the cruise industry
The South Korean ocean carrier says the newbuilds will provide the “capacity and flexibility” to serve its shippers.
Hapag-Lloyd now will add 12 23,500-TEU container ships to its fleet beginning in 2023.
Ocean carriers and Class I railroads both agree that chassis shortages are contributing to volume congestion. But solutions to relieve the congestion rely on multiple supply chain stakeholders, say the railroads.
Consolidation in the liner sector is already extreme. Newbuild orders will further concentrate market power in fewer hands.
From A.P. Møller – Maersk to ZIM, the world’s shipping lines reported huge profit jumps.
“The supply of container equipment is currently one of our industry’s biggest challenges,” says Hapag-Lloyd CEO Rolf Habben Jansen.
A “truly outstanding quarter” lifts net profit from $27 million in 2020 to $1.45 billion this year.
In the next two weeks, only two container ships are slated to berth at the new Leatherman Terminal. Forty are scheduled at the Port of Charleston’s neighboring Wando Welch Terminal.
“Both Hapag-Lloyd and USMX were well aware that the work in question would have been handled by ILA members” if the vessel had gone to another port, the International Longshoremen’s Association lawsuit asserts.
“The container shipping industry is currently seeing unprecedented demand, which has led to a shortage of containers all over the world,” says CEO Rolf Habben Jansen.
The South Korean container carrier expects the Suez Canal backlog to be cleared by the time the HMM Nuri arrives in mid-April.
Digging and pulling haven’t freed the giant Ever Given vessel that has stopped traffic in the Suez Canal. The next step might be to lighten the vessel by removing cargo.
The world’s largest shipping line says it has changed its ways and is no longer playing the spot market, instead going steady with long-term partners.
“2020 has been exceptional, with stellar performance in the industry,” says Hapag-Lloyd CFO Mark Frese.
“Today we are in the seventh month of a historic import surge driven by unprecedented demand by American consumers,” says Gene Seroka.
“American customers will be able to choose to transport their goods using LNG, a new technology that helps to preserve air quality by eliminating almost all atmospheric pollutants,” said CMA CGM CEO Rodolphe Saadé.
AgTC’s Peter Friedmann said Hapag-Lloyd’s Rolf Habben Jansen failed to mention in a press conference that the container shipping lines are enjoying record profits “while pushing their customers into real financial trouble, some towards bankruptcy.”
“We have really a perfect storm of demand that’s surging like there’s no tomorrow, everybody needing to get the boxes back, COVID-related restrictions,” says Hapag-Lloyd CEO Rolf Habben Jansen.
Korean container carrier HMM expects equipment and capacity shortages to continue at least through the end of the first quarter.
Hapag-Lloyd credits higher freight rates and lower bunker prices as “the main drivers of these positive business developments.”
Hapag-Lloyd and ONE have ordered 12 ultra large container ships, all of which will be able to carry more than 23,500 TEUs.
Port Houston will be the first U.S. port of call in THE Alliance’s new direct Asia service. The trans-Pacific EC6 service will begin in Kaohsiung, China, and reach the U.S. […]
E-documentation initiative establishes data and process standards for bill of lading preparation and issuance.
Container shipping stocks are back to pre-COVID levels whereas many tanker and bulker stocks are down by double-digits year-to-date.
CP will serve Hapag-Lloyd at the New Brunswick port through 2025.
Hapag-Lloyd and ONE chief executives will lead the “unified voice of liner shipping.”
Hapag-Lloyd sees strength until “at least Chinese New Year” and a challenge to “get containers where they need to be.”
1970: After 123 years of Hapag history and 113 years of Lloyd history the first page of Hapag-LIoyd AG history will be written in 1970. The new company has a staff of 11,500 of whom some 5,000 are sea-going personnel.
Port Call Data Definitions guide is available for free download.
German container carrier now expects 2020 EBITDA of between $2.8 billion and $3.04 billion.
With two more major carriers actively sharing information, data on nearly half of the world’s ocean container cargo is now available on a single blockchain-based data platform
“If you go back a couple of months, nobody would have expected that demand would be as strong today as it is right now,” says CEO Rolf Habben Jansen.
South Korean carrier announces opening of fleet control center but doesn’t open up about sailing plans.
“We are going to lose some of the food and pharmaceuticals.”
The coronavirus pandemic remains a “major source of uncertainty for the entire logistics industry.”
Operating profit “turnaround” of more than $300 million reported.
Ongoing labor dispute has “paralyzed” port operations.
Container carriers are rerouting goods and assessing damage following Tuesday’s blast.
Container lines, some with damaged or destroyed buildings, are scrambling to reroute cargo bound for Lebanon.
Delivering on promise will mean fewer headaches and delays, container shipping line says.
Developed by A.P. Møller – Maersk and IBM two years ago, the neutral platform was publishing 2 million events per day within a year and a half.
Group of nine container carriers has banded together for digital standardization.
Carrier recognizes ‘the importance of digitalization across the shipping industry.’
A language barrier of sorts may be blocking shipping lines and ports from adopting common technology platforms.
EU e-commerce regulation will bring “one of the most impactful changes.”
Roundup comprises elections and selections by Atlas Air, Elemica, Georgia Ports Authority, Hapag-Lloyd, NCBFAA and VeriShip.
