Home/American Shipper/S&P revises Hapag-Lloyd outlook to ‘negative’ American Shipper S&P revises Hapag-Lloyd outlook to ‘negative’ FreightWaves Staff · Wednesday, September 21, 2011 S&P revises Hapag-Lloyd outlook to ‘negative’ Rating agency Standard and Poors said Tuesday it has revised its outlook on German containership operator Hapag-Lloyd to negative from stable.