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Tuesday, August 11, 2020

Rolf Habben Jansen News

(Photo: Hapag-Lloyd)

Hapag-Lloyd Ups Profits, But Warns of Risks

German container shipping line Hapag-Lloyd on Wednesday reported preliminary results for the first half of 2020 showing core profits above those of the same 2019 period and upholding its guidance for full year earnings.However, the company said in an ad hoc announcement that the forecast was subject to “high uncertainty” due to risks related to the coronavirus crisis and its impact on the macroeconomy and global shipping.Hapag Lloyd achieved a 20.3% year-on-year rise in earnings before interest…

(Photo: Hapag-Lloyd)

Hapag-Lloyd Keeps 2020 Guidance

German container liner Hapag-Lloyd on Friday stuck with its full-year earnings guidance but warned that supply disruptions and weaker demand due to the coronavirus crisis may lead to a revision of its forecast in the second half of 2020.The number five in worldwide container shipping, Hapag-Lloyd reported lower core profits in the first quarter on higher fuel costs and a devaluation of bunker stocks at the end of the period, when oil prices began to fall in a demand slump.The developments masked a positive impact from higher transport volumes - which increased by 4.3% to over 3 million 20-foot

(File photo: Hapag-Lloyd)

Hapag-Lloyd Seeks Savings to Offset Coronavirus Losses

German container line Hapag-Lloyd is to implement cost cuts to take account of the coronavirus crisis, its chief executive Rolf Habben Jansen said on Wednesday.In a call with reporters, he said the Hamburg-based firm, the world's fifth largest shipping operator, would seek cost cuts by a "mid three-digit million euro sum this year."A slump in demand and a bunching of shipments due to a disruption in global logistics meant reduced port calls and empty sailings on certain routes, while costs to handle the mismatches had risen, he said.But Hapag-Lloyd was operating from a healthy capital base and

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Container Shipping Firms Brace for Coronavirus Hit

Leading container shipping firm A.P. Moller-Maersk scrapped its 2020 earnings forecast on Friday, while rival Hapag-Lloyd warned of slowing growth until at least June, as the coronavirus pandemic takes a heavy toll on global tradeThe container shipping industry, a bellwether for international trade, has been blown off course by the new virus, which brought parts of China to a standstill before spreading around the world, leading container lines to re-route cargoes and reduce calls to Chinese ports.Despite lower volume growth…

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Hapag-Lloyd Advises that Coronavirus to Slow Growth through H1

German container shipper Hapag-Lloyd on Friday said the coronavirus outbreak would curb business growth at least until mid-year after reporting a jump in 2019 profit and proposing a higher dividend.Larger rival Maersk on Friday also warned of a first-quarter hit from the outbreak and suspended its 2020 earnings outlook.Hapag CEO Rolf Habben Jansen said that impact from the coronavirus was impossible to determine for the time being, but the company was preparing for a blow to trade."Transport…

Image: Hapag-Lloyd AG

Hapag-Lloyd, HHLA Form Ties

German international shipping and container transportation company Hapag-Lloyd AG and compatriot logistics and transportation company Hamburger Hafen und Logistik AG (HHLA), will be continuing their close cooperation in Hamburg for another five years.On the basis of this decision, both companies will now be able to make necessary investments and boost their overall competitiveness, said a joint press release.Both parties have also agreed to intensify their collaboration on sustainability-related issues.

Rolf Habben Jansen  (Photo: Hapag-Lloyd)

New IMO Rules Overshadow Hapag-Lloyd's Profit Outlook - CEO

Tougher rules on sulphur emissions from ships set by the International Maritime Organisation (IMO) from January burden the profit outlook for Germany's container shipping line Hapag-Lloyd this year after a good 2019, its chief executive said."This will make it difficult for us to achieve a better (2020) result," Rolf Habben Jansen told reporters in Hamburg in comments on the ban on ships using a sulphur content above 0.5% on risk of fines, which is shaking up oil and shipping.But with above-market growth rates in transport volumes in 2019…

Image: Hapag-Lloyd

Hapag-Lloyd Doubles EBIT for 9 Months

German international shipping and container transportation company Hapag-Lloyd said that its earnings before interest and taxes (EBIT) in the first nine months of 2019 significantly increased to EUR 643 million (9M 2018: EUR 299 million).The group net result rose substantially to EUR 297 million (9M 2018: EUR 13 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) surpassed EUR 1.5 billion (9M 2018: EUR 812 million). The EBITDA increase of EUR 699…

Image: Hapag-Lloyd

Hapag-Lloyd Intros IMO2020 Transition Charge

German international shipping and container transportation company Hapag-Lloyd has introduced IMO2020 Transition Charge (ITC) for short-term contracts.The introduction of the IMO2020 sulfur cap as of 1 January 2020 marks a milestone for the shipping industry to reduce marine pollution and become more sustainable, said a press note from the cargo container shipping line.Hapag-Lloyd has taken various actions to be fully compliant with the new regulations. Adjusting to IMO2020 comes…

Pic: Hapag-Lloyd

Hapag-Lloyd Opens New South Europe HQ

German cargo container shipping line, Hapag-Lloyd AG, officially opened its headquarter for the new region.CEO Rolf Habben Jansen presented the keys of the office complex in Genoa (Italy) to the new Senior Managing Director Juan Pablo Richards.During the opening event, Habben Jansen explained the motivation to create a new region: “After our merger with UASC in 2017 the Mediterranean region has gained more importance for us. That's why we are eager to bolster our competitive position…

Hapag-Lloyd CEO Rolf Habben Jansen: developing the organization and ensuring proximity to markets and customers.

(Photo: Hapag-Lloyd)

Hapag-Lloyd Splits EU Ops into Two Regions

Cargo container shipping line Hapag-Lloyd has is to split its European operations into northern and southern regions. The company said the move was part of its strategy to remain closely connected with international clients. After the reorganization, Hapag-Lloyd will serve its customers from a total of six regions.The new Region South Europe will be headquartered in Genoa, Italy to reinforce the company’s activities in the Mediterranean region. Juan Pablo Richards, previously manager of the company’s operations in Area Brazil…

Map: Hapag-Lloyd

Hapag-Lloyd Splits European Services

German-based  cargo container shipping line Hapag-Lloyd AG is splitting its Region Europe into northern and southern parts. In doing so, the world’s fifth-largest liner shipping company will remain close to global markets and serve customers from a total of six regions effective immediately.The new Region South Europe, which will have its headquarters in the Italian port city of Genoa, aims to bolster Hapag-Lloyd’s competitive position in the Mediterranean region. It will include Area Italy…

Michael Behrendt. Photo: Hapag-Lloyd AG

Hapag-Lloyd Re-elects Behrendt as Chairman

German-based cargo container shipping line Hapag-Lloyd AG's shareholders approved the proposal of the Supervisory Board to re-elect Michael Behrendt to the Supervisory Board as a shareholder representative.After being re-elected to the Supervisory Board and following the AGM, Behrendt was also confirmed by his fellow Supervisory Board members as its Chairman. Michael Behrendt has been a member of the Supervisory Board of Hapag-Lloyd AG since 2014.“The clearness of the election results is an incentive for me.

File Image / CREDIT: Hapag Lloyd

Hapag Lloyd: Calm Passage Despite Trade War

Hapag-Lloyd is optimistic about the year ahead, despite global trade tensions, the German container shipping company's chief executive said on Thursday after a first quarter earnings rise."Despite all the uncertainty, we see a somewhat stable development," Rolf Habben Jansen told Reuters, adding that trade wars have so far had a limited effect on Hapag Lloyd's business.U.S. President Donald Trump said on Wednesday that China had broken the terms of a trade deal, adding he would…

Pic: Hapag-Lloyd

Hapag-Lloyd Mulls Better Performance in 2019

German ocean carrier Hapag-Lloyd expects solid growth in 2019, according to the annual report for 2018 in which the the international container shipping line reports improved earnings.Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd said: "While our business is and will remain cyclical, market conditions have gradually improved for liner shipping companies over the last few years. Our course for the next few years is set and our objectives for 2019 are clear: Improve earnings…

file Image: CREDIT Hapag Lloyd

Hapag-Lloyd: Sees Strong 2019 Earnings

German container liner Hapag-Lloyd sees itself on a promising course to achieve better results and further reduce debts as it cuts costs, benefits from merger synergies and finds itself in an improving shipping industry environment."We see fairly stable demand growth and the fundamentals are favorable," said Chief Executive Rolf Habben Jansen in a call with analysts on Friday."This will enable us to deliver on our goals for 2019," he added.Earlier, the company had reported an increase in operating profit before interest and tax (EBIT) of 7.8 percent to 443 million euros ($500.37 million) in 20

Pic: Hapag-Lloyd

Hapag-Lloyd: 50th Year of Transportation of Dangerous Goods

Hapag-Lloyd, the world's largest shipping company, marks 50th anniversary of dangerous goods department.According to a press release from the transnational German-based transportation company, 50 years ago, in March 1969, Hapag and Norddeutscher Lloyd set up a mutual Dangerous Goods department and became the first shipping lines with a dedicated team for safety and security on board and on land.When the companies merged in September 1970, and became Hapag-Lloyd, the safe transportation of Dangerous Goods was already an important market segment for the new shipping line…

Rolf Habben Jansen (Photo: Hapag-Lloyd)

Hapag Lloyd CEO: Trade Spats Could Dampen Shipping Growth

An escalation of tariff wars between China and the United States could dampen growth in international container shipping as operators pre-emptively brought forward business in the second half of last year, Germany's Hapag Lloyd said."Many customers tried to get their goods through to the U.S. ahead of time in second half 2018, creating additional growth," Rolf Habben Jansen, chief executive of the company that is the world's fifth biggest shipping liner, told reporters in Hamburg on Tuesday."That points to some business having been brought forward…

Maximilian Rothkopf. Pic: Hapag-Lloyd

Hapag-Lloyd Names Rothkopf COO

Hapag-Lloyd has announced that Maximilian Rothkopf  is to be its new chief operating officer (COO). He will take over as new COO of Hapag-Lloyd when Anthony J. Firmin retires in late June.Maximilian Rothkopf, who holds a master's degree as well as a doctorate in business administration, has been a Partner since 2014 at McKinsey & Company, where he has been a member of the global Travel, Transport and Logistics (TTL) leadership team. He started his career in 2005 at the management consulting firm…

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Hapag-Lloyd unveils "Strategy 2023"

As the liner industry has come to a turning point following a period of consolidation, Hapag-Lloyd unveiled its five-year strategy, prioritizing profitability, service, and cost savings in a container shippingLarge-scale acquisitions is not one of the objectives in German carrier's new strategy will characterize everything the shipping company does in the next five years, said its CEO Rolf Habben Jansen.Hapag-Lloyd is more than two times larger than it was in 2014 in terms of transport capacity.

Pic: Hapag-Lloyd

Hapag-Lloyd Profit Doubles

German shipping company Hapag-Lloyd AG more than doubled its bottom line in the third quarter compared to the same period last year on account of booking lower interest costs.The container carrier said in a press release that it made a net profit of 112.4 million euros ($128.5 million) in the quarter ended Sept. 30, compared with EUR51.6 million a year earlier, on revenue that rose 8.6% to EUR3.04 billion.Hapag-Lloyd has concluded the third quarter 2018 with higher earnings before interest and taxes (EBIT) of EUR 212.1 million (Q3 2017: EUR 178.1 million).Meanwhile…

(Photo: Hapag-Lloyd)

ONE, Hapag-Lloyd Partner for Feeder Services

Japan's Ocean Network Express (ONE) and Germany's Hapag-Lloyd have agreed to share space on their feeder services.As the first step, the cooperation will cover specific Intra-Europe (BAX, NBS, NPX, REX, SDX, ADX, LEX) and Intra-Asia (BHX, HAS, PID) feeder trade lanes. The carriers have already ushered in a new Intra-Asia service, the Bohai Feeder (BHX) in August and will further introduce a new Intra-Europe service, the North Sea Poland Express (NPX), in mid-October to further…

Image: Hapag-Lloyd

Hapag-Lloyd to Accelerate Digitalization as it Doubles 1H 2018 Loss

The the first half year 2018 net loss of Germany's Hapag-Lloyd is more than doubled to UER 100.9 million ($116 million) from EUR 42.7 million (USD 49 million) a year ago.The shipper attributed this loss to rising fuel costs and the slow recovery in freight rates diluted the synergies from the German ocean carrier’s merger with United Arab Shipping Company."The first half of 2018 was shaped by clearly increasing fuel costs, higher charter rates and a slower than expected recovery of freight rates.

(Photo: Hapag-Lloyd)

Hapag-Lloyd Deepens Cost Cut Drive after H1 Loss Widens

German shipping company Hapag-Lloyd said it accelerated cost cuts in the first half of 2018 to offset higher operational costs from fuel costs, charter rates and a slow recovery in freight rates."We have implemented additional measures to recover these costs: we are critically reviewing the economic viability of our ship systems and are further optimising our terminal contracts," Chief Executive Rolf Habben Jansen said.Its shares rose 2.6 percent in early trades.Freight rates fell 45 percent, causing Hapag-Lloyd's first half net loss to widen by 58 percent to 100.9 million euros ($115.7 millio

(Photo: Hapag-Lloyd)

Hapag-Lloyd Cutting Costs as Fuel Prices Rise

German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to slash full year earnings forecasts last month, its chief executive told shareholders on Tuesday."Major cost positions have risen more than initially expected and are pressuring operating margins," CEO Rolf Habben Jansen said in Hamburg."We are responding short-term to this development through forceful cost management and will keep Hapag-Lloyd competitive this way," he added.Among the measures being taken are accepting more valuable cargo…

Rolf Habben Jansen (Photo: Hapag-Lloyd)

Hapag-Lloyd CEO: No Big Shipping Mergers at Moment

The chief executive of German container shipping liner Hapag-Lloyd said he was not aware of major merger activities in the sector a day after a Reuters report said his company had been approached by French rival CMA CGM."We do not see major takeovers in the industry," Rolf Habben Jansen said in a statement issued on the day of the firm's annual general meeting in Hamburg."If at all, there are smaller tie-ups by niche players in the short term," he said.(Reporting by Vera Eckert Editing by Arno Schuetze)