krogragg

Category: Hapag-Lloyd

  • Opposition to ZIM’s sale to Hapag-Lloyd grows

    Opposition to ZIM’s sale to Hapag-Lloyd grows Opposition to Hapag-Lloyd’s planned takeover of Israeli line ZIM is growing, with union protests and the controversial sale debated at the Knesset, Israel’s parliament, yesterday. Hapag-Lloyd unveiled a $4.2bn takeover offer for ZIM a week ago (pictured), in a deal that would carve out a ‘New ZIM’ made…

  • ZIM sets out terms of $4.2bn Hapag-Lloyd deal, outlines New ZIM carve-out

    ZIM sets out terms of $4.2bn Hapag-Lloyd deal, outlines New ZIM carve-out New York-listed Israeli carrier ZIM Integrated Shipping Services has laid out the full terms of its agreed sale, confirming shareholders will receive $35 per share in cash under a merger deal that values the company at about $4.2bn. The price represents a 58%…

  • Hapag-LLoyd to acquire ZIM in $4.2 BN cash deal

    Hapag-LLoyd to acquire ZIM in $4.2 BN cash deal More consolidation in the container shipping business: Hamburg-headquartered Hapag-Lloyd and Haifa, Israel-headquartered ZIM Integrated Shipping Services Ltd have signed an agreement under which Hapag-Lloyd will acquire 100% of ZIM’s shares for a consideration of $35.00 per share in cash. The total transaction value amounts to over…

  • Hapag-Lloyd closes in on Zim takeover

    Hapag-Lloyd closes in on Zim takeover Germany’s Hapag-Lloyd has confirmed it is in advanced negotiations to acquire all shares in Israeli rival Zim Integrated Shipping Services in a deal reported to be worth up to $3.7bn. In a brief statement, the Hamburg-based carrier said no binding agreement has yet been signed and that approvals from…

  • Maersk and Hapag-Lloyd to route one Gemini service through Red Sea

    Maersk and Hapag-Lloyd to route one Gemini service through Red Sea Maersk and Hapag-Lloyd are set to resume Red Sea transits on one of their shared Gemini Cooperation services, marking a cautious step back into the corridor after months of widespread diversions around the Cape of Good Hope. The Danish and German carriers said the…

  • Global liners look at acquiring ZIM

    Global liners look at acquiring ZIM Hapag-Lloyd is seeking to acquire ZIM, Israel’s largest container carrier, according to multiple media outlets, but the move is already running into resistance from ZIM’s workers’ committee, which has warned that the presence of Qatari and Saudi sovereign funds among the German carrier’s shareholders could pose a national security…

  • Hapag-Lloyd’s fleet to be enriched with 14 methanol dual-fuel units

    Hapag-Lloyd’s fleet to be enriched with 14 methanol dual-fuel units German container shipping heavyweight Hapag-Lloyd has placed firm orders at two yards based in […] The post Hapag-Lloyd’s fleet to be enriched with 14 methanol dual-fuel units appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • Maersk muscles in on COSCO’s intra-Asia crown

    Maersk muscles in on COSCO’s intra-Asia crown Maersk has climbed the ranks of the intra-Asia trades to challenge the tradelane’s leader COSCO, according to new data compiled by Alphaliner.  The Danish carrier has added an extra 100,000 teu in capacity into the intra-Asia trades over the past 12 months, container shipping’s busiest area, whereby it…

  • Everllence books order for 1,000th ME-GI engine

    Everllence books order for 1,000th ME-GI engine Marking a two-stroke engine milestone, Dr. Uwe Lauber, CEO of Everllence, recently presented Hapag-Lloyd’s CEO, Rolf Habben Jansen, and managing director fleet, Silke Lehmköster, with a plaque commemorating the company’s order for an Everllence B&W ME-GI dual-fuel engine – the 1,000th ME-GI ever ordered by the market. The…

  • Hapag-Lloyd expects lower earnings in 2025

    Hapag-Lloyd expects lower earnings in 2025 Container shipping firm Hapag-Lloyd published its new annual report yesterday, March 20. According to the report, a slight increase in the operating result was achieved in 2024 while lower results are expected in 2025 due to U.S. tariffs and Houthi militant attacks on shipping in the Red Sea. The…

  • Hapag-Lloyd unveils $4B green financing for 24 LNG dual-fuel boxships

    Hapag-Lloyd unveils $4B green financing for 24 LNG dual-fuel boxships German shipping giant Hapag-Lloyd has revealed long-term financing totaling $4 billion for the 24 […] The post Hapag-Lloyd unveils $4B green financing for 24 LNG dual-fuel boxships appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • Global liner alliances retrench

    Global liner alliances retrench Midnight tonight sees liner shipping go through its largest reshuffle in a decade as companies jump ship from existing alliances on the main east-west trades. THE Alliance will become the Premier Alliance, with Ocean Network Express (ONE), HMM and Yang Ming Marine Transportation as partners, and Mediterranean Shipping Co (MSC) helping…

  • The Gemini countdown: Maersk and Hapag Lloyd geared up to ‘reshape’ sustainable shipping

    The Gemini countdown: Maersk and Hapag Lloyd geared up to ‘reshape’ sustainable shipping The Gemini Cooperation—a long-term operational partnership between shipping colossals the Danish A.P. Moller-Maersk and […] The post The Gemini countdown: Maersk and Hapag Lloyd geared up to ‘reshape’ sustainable shipping appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • Hapag-Lloyd fixes methanol supplies out of China

    Hapag-Lloyd fixes methanol supplies out of China German liner Hapag-Lloyd has reached an agreement with Beijing-headquartered Goldwind for the delivery of 250,000 tonnes of green methanol per year. The green methanol will consist of a blend of bio- and e-methanol, ensuring greenhouse gas (GHG) emissions reduction of at least 70%, according to Hapag-Lloyd.  “As part…

  • Hapag-Lloyd in $4B, 24-ship ordering spree at two Chinese yards

    Hapag-Lloyd in $4B, 24-ship ordering spree at two Chinese yards Hapag-Lloyd has signed separate contracts with two Chinese shipyards for a total of 24 new containerships. All will be equipped with state-of-the-art low emission, high pressure LNG dual-fuel engines capable of operation on biomethane (bio LNG), which can reduce CO2e emissions by up to 95%…