Tag: Hapag-Lloyd

G6 Alliance : eight loops connect nearly 40 ports in 25 countrie Members of the G6 Alliance announced today that they will maintain the current 6-loop product structure and not reinstate the planned Loop 2 Asia-Europe service.This loop was originally developed as one of the seven loops between Asia and North Europe jointly provided by the six members. It was not initiated in March because of the unsuitable market conditions at that time and the G6 Alliance has not seen any improvements in the current market environment to justify the implementation of an additional service in the Asia-Europe trade.The G6 Alliance members: APL, Hapag-Lloyd, Hyundai Merchant Marine, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Orient Overseas Container Line.The G6 Alliance provides six loops between Asia and North Europe, the Asia-Mediterranean Express Service (EUM), and the Asia-Black Sea Express Service (ABX). These eight loops connect nearly 40 ports in 25 countries of the trade with over 110 weekly calls, at major ports daily.Source: NYK

Freight rates are expected to rise Hapag-Lloyd expects the price war among global container shipping companies to end and freight rates to rise, not expecting a return to "satisfactory" results before the third quarter."We are seeing for the first time a clear upward trend," Chief Executive Michael Behrendt told journalists.Hapag-Lloyd, partly owned by TUI AG, will charge $412 more for a standard container from early April, he added."Satisfactory" results could be expected in the third quarter, Behrendt said.Margins in the shipping industry came under pressure last year when the two largest companies Maersk and Mediterranean Shipping Company (MSC) undercut each other on freight rates. High fuel prices have squeezed margins further.Germany travel and tourism group TUI AG in February said it may try again to float its stake in Hapag-Lloyd as part of its bid to exit completely from the shipping business, after it failed to agree a full sale to the container shipper's other shareholder.Hapag CEO Behrendt said that reporting good results over two quarters was a precondition for trying to go public again after an IPO was called off last year."We have to show investors that we are back to normal," CEO Behrend said.Source: Reuters

The Energy Efficiency Design Index (EEDI) is determined using a fixed formula In February, Hapag-Lloyd became the first shipping company in the world to have its entire own-managed fleet certified in accordance with the IMO's Energy Efficiency Design Index (EEDI). The independent certification was carried out by Germanischer Lloyd and shows that many vessels in the Hapag-Lloyd fleet have an EEDI that is between 20 and 27% better than the average figure for the active global fleet in their respective classes. This means that these vessels emit significantly less CO2 than the average of the world fleet. These outstanding results do not even include the De-rating that has already been carried out on the majority of Hapag-Lloyd ships.The Energy Efficiency Design Index (EEDI) is determined using a fixed formula and shows the CO2 emissions of a cargo vessel in grams per tonne transported and sea mile travelled. EEDI was developed by the International Maritime Organization (IMO), the shipping branch of the United Nations, in order to establish a standard benchmark for the energy efficiency and environmental impact of cargo vessels (container ships, bulkers, tankers, etc.). As with cars, household appliances or light bulbs, the aim is to help ships with ...