Hapag-Lloyd orders 150,000 TEU to address container shortage

In order to tackle the global shortage of cargo containers, German shipping major Hapag-Lloyd has placed an order for containers worth about $550 million. On top of the pandemic and delayed shipments due to port congestion, shippers and forwarders worldwide … Read More

Hapag-Lloyd acquires container shipping specialist NileDutch

German container shipping major Hapag-Lloyd has signed a sale and purchase agreement to acquire all shares of the Dutch container shipping company Nile Dutch Investments B.V. The move is expected to strengthen Hapag-Lloyd’s position in the African market. With over … Read More

Hapag-Lloyd bullish on yearly earnings amid strong demand

German liner company Hapag-Lloyd expects very strong earnings growth amid exceptional demand for container transports, which has spurred freight rates. Based on preliminary business figures for the month of January and the current business situation, the company’s executive board anticipates … Read More

MAN to supply engines for Hapag-Lloyd’s LNG-powered newbuilds

Engine manufacturer MAN Energy Solutions has won an order to supply six main engines for Hapag-Lloyd’s LNG-powered 23,000+TEU ultra large container vessels. The MAN B&W 11G95ME-GI Mk10.5 engines will be built in Korea and will offer the option of operating … Read More

Hapag-Lloyd orders six LNG-powered 23,500+ TEU ULCVs in $1 billion deal

German liner giant Hapag-Lloyd has ordered six ultra-large container vessels from Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME). The $ 1 billion investment will see the LNG-powered 23,500+ TEU vessels delivered to Hapag-Lloyd between April and December 2023. The … Read More