Maersk to launch its new ocean network
COPENHAGEN : Today, On February 1, Maersk A/S (Maersk), an entity under A.P. Moller – Maersk, and Hapag-Lloyd AG (Hapag-Lloyd) launch their operational collaboration Gemini Cooperation. The ambition
Hapag-Lloyd publishes preliminary business figures for 2024
HAMBURG : On the basis of preliminary and unaudited figures, Hapag-Lloyd achieved a Group EBITDA of USD 5.0 billion (EUR 4.6 billion) in the 2024 financial year. The
Hapag-Lloyd announces change route for the South East India-Europe Express service rotation
HAMBURG : Hapag-Lloyd has announced a change in the service rotation for its South East India-Europe Express (IEX) Service, effective mid-March 2025. The IEX service will no longer
Gemini will offer better service at same cost : Maersk
COPENHAGEN : Maersk and Hapag-Lloyd are about to launch the Gemini Cooperation on 1 February and is based around a hub and spoke network. Maersk’s Chief Product Officer – Ocean Johan
Hapag-Lloyd’s fleet reaches a total capacity of 2.34 million TEUs
HAMBURG : Hapag-Lloyd, the world’s fifth-largest container shipping carrier, has reached a significant milestone in its storied history. Founded in 1847, the company has taken delivery of its
Maersk and Hapag-Lloyd dont see any immediate return to Red Sea
COPENHAGEN : Maersk and Hapag-Lloyd, stated on Thursday that they are not thinking of an immediate return to Red Sea after the ceasefire between Hamas and Israel was announced. Both companies
Hapag Lloyd to apply new GRI/GRA from Middle East & Indian Subcontinent to North America
HAMBURG : Hapag-Lloyd announces General Rate Increase (GRI)/General Rate Adjustment (GRA) from Indian Subcontinent & Middle East* to North America** . This GRI/GRA is applicable to containers gated in full
Singapore boosts maritime, aviation hub role as cargo flows shift and supply chain risks rise
SINGAPORE : Singapore is investing further in its infrastructure, processes and workforce to solidify its position as a trusted regional cargo centre. With more shippers expected to choose
Hapag-Lloyd to increase Rates from Indian Subcontinent to Europe and North Africa
HAMBURG : Hapag-Lloyd announce to increase Ocean Tariff Rates from Pakistan, India, Sri Lanka and Bangladesh to Europe and North Africa. The validity of this increase applies to
Moody’s upgrades Hapag-Lloyd’s credit rating to ‘Ba1’
HAMBURG : The rating agency Moody’s Investors Service (Moody’s) has raised Hapag-Lloyd’s credit rating by one notch from ‘Ba2’ to ‘Ba1.’ This is the highest credit rating assigned
