Hapag-Lloyd will launch a new Vietnam Indonesia Straits (VIS) service that connects Ho Chi Minh City, Singapore, Port Klang, Belawan, Penang, Port Klang, Singapore, Ho Chi Minh City. The new service will turn in 2 weeks and starts from 10 April 2023 with the 1,781 teu CAT LAI EXPRESS that is shifted from the current Singapore-Vietnam Feeder (VNF) service. Hapag-Lloyd's new VIS service rotation
Hapag-Lloyd is splitting its Gulf Caribbean Service (GCS) service, which connects Houston with Mexico, Central America and Caribbean, into a North and South Loop. The North Loop (GCS) will call Houston, Altamira, Veracruz, Puerto Barrios, Puerto Cortes, Caucedo, Kingston, Houston on weekly basis with 3 vessels, beginning with the 2,506 teu MAIRA at Houston on 13 April 2023 followed by the 3,237 teu ANTIBES EXPRESS and 2,357 teu MINERVA. ONE will take slot under its service CX5. The South Loop
Hapag-Lloyd guided €2-4 Bn in Earnings before interest and tax (EBIT) for 2023, which would turn out to be the third best year of its operating track record going back to 2003. Hapag-Lloyd has been providing guidance since 2014 prior to its public listing in Nov 2015. An analysis of the Hapag-Lloyd earnings guidance from the past 9 years show Hapag-Lloyd beating their own guidance 6 times and missed only once in 2016. Despite its relatively sound earnings guidance track record, its forecast o
Hapag Lloyd reported preliminary results today (31 Jan) before European market open. EBIT at $3.3bn for 4Q, down 37% QoQ and 21% YoY, tracking above our expectation on better than expected freight rates but broadly in line with guidance. Average freight rates fell just 15% QoQ in 4Q, comparing to CCFI's 45% QoQ fall.
The four carrier partnership of ANL (CMA CGM), Hapag-Lloyd, Maersk and ONE on the SE Asia-Australia route will revise their 3 existing services from March 2023. The first service, branded respectively as the ANL 'AAX-S' (changed from AAX1), Hapag-Lloyd 'SEA', Maersk 'Greater Australia Connect' (GAC) (changed from Cobra) and ONE 'AU1', will call at Port Klang, Tanjung Pelepas, Singapore, Melbourne, Sydney, Adelaide, Fremantle, Port Kelang from 9 March 2023 with the 8,400 teu MAERSK STRALSUND .
Hapag-Lloyd will take slots from CMA CGM on the Asia-North Europe FAL3 service (operated as the OCEAN Alliance NEU5) starting from 14 February 2023. The service connects Qingdao, Ningbo, Shanghai, Yantian, Singapore, Tangier, Southampton, Rotterdam, Antwerp, Le Havre, Tangier, Jeddah, Qingdao with Hapag-Lloyd not participating on the calls at Tangier. Hapag-Lloyd will brand the services as the FE9, which will add to the existing Hapag-Lloyd Asia-Europe services operated through THE Alliance o
Hapag-Lloyd will withdraw its China-Germany Express (CGX) service with the last sailing scheduled to depart from Shanghai on 1 February 2023 with the 4,043 teu LIMARI. The service was first launched on 9 April 2022 as a 2 port shuttle service connecting Dachan Bay and Wilhemshaven to turn in 56 days, offering a direct weekly link from China to Germany with a one way transit time of 27 days. The original plan to call at Hamburg was replaced by the call at Wilhemshaven before the launch due to
Container liners Q4 earnings report will likely be a turning point of this earning cycle, underlined by the 45% QoQ drop in average CCFI index. Listed Taiwanese liners have released their revenue report in the second week of January. The up coming liner revenue or earning reports IF they follow last year's release schedule would be as follows (last year release date): 1. Maersk preliminary results (14 Jan); 2. Matson profit alert (19 Jan); 3. OOCL operating updates (24 Jan); 4. COSCO prof
Hapag-Lloyd will continue to operate its dedicated China Germany Express (CGX) service using panamax ships of 4,000-5,000 teu but the sailing frequencies will be reduced with only 4 sailings to be offered in January and February 2023. The service was first launched on 9 April 2022 as a 2 port shuttle service connecting Dachan Bay and Wilhemshaven to turn in 56 days, offering a direct weekly link from China to Germany with a one way transit time of 27 days. The original plan to call at Hamburg
The main carriers’ average EBIT margins fell by 3.4% from the 2Q peak of 54.3% to 50.9%. However, the gap between individual carriers are widening, with some notable drops at Wan Hai (down 13.0%), OOCL (down 8.3%), HMM (down 6.8%) and Yang Ming (down 6.1%). Carriers with a larger share on the Asia-US West Coast have suffered the largest margin erosion, with a sharper drop expected in 4Q 2022 as the rate malaise has spread to other tradelanes.