Hapag-Lloyd

Hapag-Lloyd AG

Company type	Public (AG)
Traded as	FWB: HLAG
ISIN	DE000HLAG475
Industry	Marine transportation Container shipping
Founded	1 September 1970; 54 years ago (1970-09-01)
Founders	Adolph Godeffroy Ferdinand Laeisz Carl Woermann August Bolten (HAPAG) Hermann Henrich Meier (Norddeutscher Lloyd) (all founded in 1800s)
Headquarters	Hamburg , Germany
Area served	Worldwide
Key people	Rolf Habben Jansen (CEO) Mark Frese (CFO/CPO) Maximilian Rothkopf (COO) Donya-Florence Amer (CIO & CHRO) Dheeraj Bhatia (CTIO) Klaus-Michael Kühne (main shareholder, > 30%)[1]
Products	Cargo shipping
Revenue	US$19.39 billion (2023)[2]
Operating income	US$2.74 billion (2023)[2]
Net income	US$3.19 billion (2023)[2]
Total assets	US$32.14 billion (2023)[2]
Total equity	US$20.79 billion (2023)[2]
Number of employees	16,295[2]
Website	hapag-lloyd.com

Hapag-Lloyd AG is a German international shipping and container transportation company, the 5th biggest in the world.^[3] It was formed in 1970 through a merger of Hamburg-American Line (HAPAG) and Norddeutscher Lloyd.^[4]

The company was formed on 1 September 1970, by the merger of two German transportation/maritime companies, Hamburg-American Line (HAPAG), founded in 1847, and Norddeutscher Lloyd (known in English as North German Lloyd), which was formed in 1857.

Since its formation, Hapag-Lloyd has seen changes among its shareholders and has also undergone a number of mergers with other companies. For instance, Hapag-Lloyd was completely acquired by, and became a subsidiary of TUI AG (Hanover) in 1998. This transition was followed by TUI selling a majority stake of Hapag-Lloyd to private investors in Hamburg in 2009 and further sales in 2012. Other important events in the history of the company include Hapag-Lloyd's acquisition of CP Ships in 2005 as well as Hapag-Lloyd's merger with the container business of CSAV in 2014, and United Arab Shipping Company in 2017.

The Hamburg-Amerikanische Packetfahrt-Aktien-Gesellschaft for shipping across the Atlantic Ocean was founded in Hamburg. In 1912, Hapag built the first of their "Big Three" ocean liners; the Imperator, followed by its twin Vaterland. A third twin, Bismarck, was under construction at the outbreak of World War I and was completed after the war for White Star Line as the Majestic. These were the first liners to exceed 50,000 gross register tons and 900 feet (274 m) in length. During World War I, the majority of Hapag's fleet of 175 ships were wiped out, and most of the surviving ships (including the "Big Three") had to be turned over to the winning side as war reparations. After the war's end, Hapag rebuilt its fleet with much smaller ships than before the war, but their fleet was again mostly wiped out during World War II, and the surviving ships turned over to Allied powers.^[5]

Norddeutscher Lloyd (NDL) was formed in 1857 in the City-State of Bremen, offering passenger and cargo transportation between Bremen and New York, with an emphasis on emigration to the United States. Service started in June 1858 with the Bremen, the first of four steamships,^[6] and the company established its American base at Hoboken, New Jersey. NDL eventually built a large fleet of ships that carried many thousands of emigrants westwards, with around 218,000 passengers transported across the Atlantic in 1913 alone.^[7]

The outbreak of World War I resulted in the internment of 32 vessels in US ports, a status later changed to confiscation when the US entered the war in 1917.^[8] Likewise, its Hoboken base was confiscated and turned over to the US Navy, which used it as a transshipping point for the duration of the war.^[9] As with HAPAG, those NDL ships surviving the war were eventually confiscated as reparation, leaving the company to start over from scratch.

US operations were resumed in 1922, when NDL was able to purchase its former base from the United States Alien Property Administrator.^{[citation needed]} NDL launched a new Bremen and Europa in 1929–30.^[9]

During World War II, NDL repeated its World War I experience, with some parts of its fleet again being interned at the outbreak of the war, while a number of vessels remained under NDL control.^[10] One such exception was the Bremen, which raced across the Atlantic, and achieved protection at Murmansk in 1939, before eventually making a dash for Bremerhaven, where she was ultimately destroyed by a fire in 1941.^[11]

Passenger service resumed in 1954 with the Gripsholm formerly belonging to the Swedish American Line (the ship was renamed to MS Berlin only the following year).^[12] Later two other second-hand ships, SS Bremen (formerly Pasteur) and MS Europa (formerly Swedish American Line's Kungsholm), were purchased.^[9]

NDL attained several speed records over the years. Notable among them was the record for the run between Southampton and New York of eight days in 1881, which was set by the Elbe; and the record for the fastest transatlantic crossing set by the new Bremen in 1929 (see Blue Riband).^[9]

Hapag and NDL continued to compete until they established a joint-venture container line. The "Hapag-Lloyd Container Line", founded in 1967 and operating from 1968 onward, was established to share the huge investments related to the containerisation of the fleets. The two companies finally merged on 1 September 1970, under the name Hapag-Lloyd.^[4]

Hapag-Lloyd was acquired in 1998 by Preussag AG (since 2002 named TUI AG (Hanover)), a tourism conglomerate, and became its fully-owned subsidiary in 2002.^[13]

In August 2008, TUI announced an intention to sell its entire stake in Hapag-Lloyd shipping activities before the end of that year. Industry speculation predicted a sale price of approximately US$5.9 billion.^[14]

In October 2019, Hapag-Lloyd acquired a 10 percent stake in Container Terminal 3 (TC3) of the Tangier Med 2 port in Morocco.^[15][16]

In April 2022, Hapag-Lloyd acquired a participation in JadeWeserPort Wilhelmshaven, taking ownership of a 30 percent stake in Container Terminal Wilhellmshaven (CTW) and a 50 percent stake in Rail Terminal Wilhelmshaven (RTW).^[17]

In August 2023, it was announced Hapag-Lloyd had acquired SM SAAM's terminal business and related logistics services in the Americas.^[18]

On 12 January 2023, Hapag-Lloyd acquired a 49% minority stake in Spinelli Group, an Italian terminal and transport operator.^[19] Around three months later, on 19 April 2023, Hapag-Lloyd also acquired a 40% stake in J M Baxi Ports & Logistics Limited (JMBPL), a terminal and inland transport service provider in India.^[20]

Also in 2023, Hapag-Lloyd and the Brazilian shipping and waterway logistics company Norsul set up a new joint venture called “Norcoast”. Based on a 50-50 partnership, Norcoast started offering container cabotage and feeder services in Brazilian ports in the first quarter of 2024.^[21]

On 21 August 2005, TUI AG agreed to acquire the Canadian business CP Ships Limited for €1.7 billion (US$2.0 billion) in cash. The deal, which was approved by the boards of both CP Ships, TUI, and the shareholders, was a success, and made the combined fleet the fifth-largest by capacity in the worldwide container shipping market.^[22][23]

In late 2012, Hapag-Lloyd announced it was considering the possibility of a merger with its smaller compatriot Hamburg Süd. The merger plans were scotched when Hamburg Süd's shareholders and owners did not reach an agreement with the Hapag-Lloyd stakeholders.^[24] After this event, Hamburg Süd remained a private, independent company until December 2016, when the container transport division of Danish logistics and energy company Maersk, announced it would purchase Hamburg Süd.^[25]

In 2014, Hapag-Lloyd took over the container business of Chile's Compañía Sud Americana de Vapores SA (CSAV), with the latter becoming a major shareholder of Hapag-Lloyd. This made Hapag-Lloyd the fourth-largest container-shipping company in the world at the time.^[26][27]

In April 2016, Hapag-Lloyd announced it was in merger talks with the United Arab Shipping Company (UASC). The merger was agreed upon later in 2016, and the integration between the two companies was completed in 2017. At the time of the merger, UASC was reported to be the world's 10th largest liner shipping company, with a fleet of 56 ships and a market share of 2.7 percent.^[28] As a result of the merger, Hapag-Lloyd strengthened its position as the world's fifth-largest container transporter in terms of vessel capacity, ahead of Taiwan's Evergreen Line. As a result of the merger, the former shareholders of UASC would become the largest shareholder in the new entity, whilst Hapag-Lloyd would absorb all operations and assets of UASC.^[29]

Historically United Arab Shipping Company was jointly established in July 1976 by the six shareholding governments of the Arab states of the Gulf (Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia and UAE).^[30] Originally based in Kuwait, its corporate headquarters then moved to Dubai during the Iraqi conflict, and only some departments were moved back after the war.^[31]

The UASC fleet operated more than 45 services, connecting the Middle East to Europe, the Mediterranean, Indian Sub-continent, Far East, West Africa and the Americas.^[32] Its network covered over 220 ports, offering containerized and conventional cargo shipping by a fleet of 58 owned and chartered vessels.^[33] On 29 June 2016, UASC's six shareholding states voted unanimously to approve the proposed merger. The deal gave a relative valuation of the two businesses at 72 percent for Hapag-Lloyd and 28 percent for UASC. At the time of the merger, UASC was 51 percent owned by Qatar and 35 percent owned by Saudi Arabia government, with the remainder held by other Arab states.^[34]

In March 2021, Hapag-Lloyd announced the acquisition of Nile Dutch Investments B.V., a leading container service provider to and from West Africa.^[35] The transaction was effectively closed on 8 July 2021.^[36]

On 1 June 2022, Hapag-Lloyd closed the acquisition of the container liner business of German carrier Deutsche Afrika-Linien (DAL), another Africa specialist, operating with liner services between Europe, South Africa and the Indian Ocean.^[37]

• Hapag-Lloyd transports containerized cargo on several major trade routes around the world. It has a prominent market presence and brand recognition in Latin America, Middle East, trans-Atlantic, and trans-Pacific trades, among others.^[38]
• Hapag-Lloyd is currently the largest member of the Transport High Efficiency vessel-slot sharing alliance ("THE Alliance"), which was created in April 2017 and also includes Taiwan's Yang Ming Line, Korea's HMM and the Japanese carrier Ocean Network Express (ONE).^[39][40] THE Alliance covers East-Westbound trades with 255 container ships and 29 services.^[40]

Hapag-Lloyd Kreuzfahrten was a former cruise ship subsidiary of Hapag-Lloyd AG. In 2008, TUI AG integrated Hapag-Lloyd Kreuzfahrten. It was renamed Hapag-Lloyd Cruises in 2016. In 2020, Hapag-Lloyd Kreuzfahrten was sold to TUI Cruises, a joint venture between TUI and Royal Caribbean.^[41] Only vessels formerly operated by Hapag-Lloyd AG are listed here.

Name	Built	Tonnage	In service for HAPAG-LLOYD Cruises	Image
Europa I aka Europa	1999	28,890 GT	1999–Present
Europa II	2013	42,830 GT	2013–Present
Hanseatic Nature	2019		2019–Present
Hanseatic Inspiration	2019		2019–Present
Hanseatic Spirit	2021		2021–Present

Name	Built	Tonnage	In service for HAPAG-LLOYD Cruises	Image
Bremen	1938	32,360 GRT	1970-1971
Europa	1952	21,164 GRT	1970-1981
Finnstar	1967	8,583 GRT	1979-1980
Europa	1981	37,049 GT	1981-1999
Bremen	1990	6,752 GT	1993-2021
Hanseatic	1993	8,445 GT	1996-2018
Columbus	1997	15,067 GT	1997-2012
Columbus 2	1998	30,277 GT	2012-2014

Hapag-Lloyd founded the charter airline Hapag-Lloyd Flug in 1972, buying a few Boeing 727s to fly its cruise passengers from Germany to the cruises' ports of call. The airline eventually added some regular passenger flights as well. Hapag-Lloyd Flug used the IATA code HF and became a directly owned subsidiary of Preussag AG (now renamed as TUI Group) in 1999.^[42]

Some emblematic group's vessels are:

• MS München (1972)
• Tokio Express (1973)
• Yantian Express (2012), formerly Shanghai Express (2002)
• Houston Express (2005)
• Savannah Express (2005)
• Colombo Express (2005)
• Kyoto Express (2005)
• Chicago Express (2006)
• Osaka Express (2007)
• Tsingtao Express (2007)
• Hong Kong Express (2013)

On 29 September 2014, the container ship Colombo Express was involved in a collision with the container ship Maersk Tanjong, and sustained a 20-metre (65 ft) dent to its left side and caused delays to traffic through the Suez Canal.^[45]

• List of largest container shipping companies
• 724 Hapag

• Susanne Wiborg and Klaus Wiborg: The World Ist Our Oyster – 150 Years of Hapag-Lloyd 1847–1997. Hapag-Lloyd AG (ed.), Hamburg 1997.
• Kai-Axel Aanderud: 175 Jahre Hapag-Lloyd – 175 Years of Hapag-Lloyd 1847–2022: Vom Auswandererschiff zum Megacarrier – From emigrant ship to megacarrier. Hamburg: Koehler. 2022. ISBN 978-3-7822-1500-8.

Wikimedia Commons has media related to Hapag-Lloyd.

• Hapag-Lloyd
• Hapag-Lloyd Cruises
• TUI AG (Hanover)
• Hamburg American Line History and Ephemera GG Archives
• List of NDL ships with pictures
• North German Lloyd History and Ephemera GG Archives