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. Gulf Coast through the Panama Canal. “We are very excited about the start of this new service by THE Alliance. It offers our regional exporters […]
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.
