Hapag Lloyd reported before European market open today (11 May) where net profit dropped 38% QoQ and 57% YoY. The drop should be expected but fared better than the liner peers that have reported so far. Hapag Lloyd's average freight rates fell only 28% YoY versus CCFI's 68% YoY, benefited by Hapag Lloyd's higher mix in Transatlantic trade, which is not a composite in the CCFI. Hapag Lloyd EBIT at 31% in 1Q23, is better than all the other peers reported so far.
Hapag-Lloyd will join Wan Hai as a vessel operator on the new FE-US East Coast 'AA7' service that will replace the existing service that was operated solely by Wan Hai starting from 26 April 2023. The new AA7 service will deploy 12 ships of 4,500 to 13,500 teu, with 4 ships from Hapag-Lloyd and 8 ships from Wan Hai. The smaller ships of 4,500 to 6,500 teu that Wan Hai currently operates will be gradually replaced over 2023 with larger ships of 7,500 to 13,500 teu including the new Wan Hai A-cl
Hapag-Lloyd will launch a new West Coast South America Feeder 4/WCSA Feeder 4 (WS4) service that connects Peru and Chile. The WS4 service will start from 5 June 2023 and call at Callao, Iquique, Puerto Angamos, Arica, Callao with the 1,930 teu newbuilding CAPE BRUNO. The service will turn in 2 weeks, with a second ship to join the service later in June.
Hapag-Lloyd and Feedertech (Unifeeder) have teamed up to introduce a new Vietnam Indonesia Service (VIS) connecting Singapore, Ho Chi Minh City, Singapore, Port Klang, Belawan, Penang, Port Klang, Singapore. The service will start from 6 April 2023 and turns in 2 weeks with the 1,781 teu CAT LAI EXPRESS from Hapag-Lloyd and 1,577 teu CELSIUS NEW ORLEANS from Feedertech. Vietnam Indonesia Service (VIS)
The North Europe-West Africa service jointly operated by Hapag-Lloyd/Arkas will be expanded to add a new southbound call at Dakar. The service is branded as the West Africa Express (WAX)/Europe Africa Service (EAS) respectively by Hapag-Lloyd and Arkas. The new rotation will start from 7 May 2023 and call at Antwerp, Le Havre, Tanger Med, Dakar, Tema, Abidjan, Tanger Med, Antwerp. The service turns in 4 weeks and deploys 3 ships of 4,250 teu from Hapag-Lloyd and one 2,500 teu ship from Arkas.
Hapag-Lloyd will launch a new West Africa 1 (WA1) service that connects Tanger Med, Nouakchott, Freetown, Conakry, Monrovia, Tanger Med from 15 May 2023. The new service will be operated on a fortnightly frequency and turn in 4 weeks using 2 ships of 1,700 teu.
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.