One of the world’s premier container shipping lines, Hapag-Lloyd Shipping Line operates a total of 237 vessels and employs some 12,900 people. The German-based company conducts business in 129 nations through 392 offices.
This firm commenced operations in 1970 with the merger of two maritime lines: Hamburg-American Line (“HAPAG”) and North German Lloyd (Norddeutscher Lloyd). Both entities had furnished passenger services between Europe and North America for many years.
In 1998, an international hospitality industry conglomerate, the TUI Group (also known as TUI AG), acquired an interest in Hapag-Lloyd. TUI AG owned a number of hotels, resorts, cruise lines, and retailers. The shipping line became its fully owned subsidiary in 2002. In 2005, TUI AG also purchased CP Ships Limited, a large Canadian maritime shipping line.
In 2008, TUI AG reported plans to offer Hapag-Lloyd for sale. Evidently, the sale did not transpire. In 2013, an attempt to merge Hapag-Lloyd with the German shipping line Hamburg Süd also failed. The next year, Hapag-Lloyd acquired a Chilean container shipping firm, Compania Sud Americana de Vapores (“CSAV”).
In 2017, Hapag-Lloyd successfully merged with the world’s tenth-largest shipping line, United Arab Shipping Company (“UASC”). Hapag-Lloyd began operating the merged fleet and the principals of UASC obtained the majority of shares in the new entity. Owners of the firm in June 2019 included the Public Investment Fund of the Kingdom of Saudi Arabia, Klaus Michael Kühne, and the Qatar Investment Authority.
Hapag-Lloyd Services Offered
The Hapag-Lloyd Shipping Line (Hapag-Lloyd AG) focuses primarily upon transporting container cargo with the assistance of its large fleet. It ships goods across the Atlantic and throughout the Middle East, Latin America, and South America. The company has become the fifth-largest shipping line in the world. Its vessels possess the capability to transport 1.7 million Twenty-foot Equivalent Units (“TEUs”) through its own fleet alone. Its fleet calls at more than 600 ports around the world. It participates in 118 regular liner services and offers customized shipping routes, as well.
The company also supplies its customers with cargo containers for dry cargo, flat rack shipping platforms, open-top containers, breakbulk containers (for oversized cargo), and temperature-regulated reefer cargo containers. It maintains a dedicated “Dangerous Goods” Department and advertises its availability to ship any type of cargo worldwide. Hapag-Lloyd offers specialized expertise in shipping coffee.
Hapag-Lloyd Accreditations And Affiliations
Hapag-Lloyd Chile obtained a Compliance Certification from Chile on August 17, 2016, in recognition of its adoption of Chile’s Crime Prevention Model. This shipping line also belongs to the Transport High-Efficiency Vessel Alliance, a business alliance established in April 2017.
The firm reportedly maintains accreditation and affiliation with the following:
- International Ship Security Certificate (ISSC)
- Safety Management Certificate (SMC)
- Maritime Labour Convention (MLC)
- World Shipping Council (WSC)
Official website: https://www.hapag-lloyd.com/
Matt is a veteran of the moving industry, a recognized moving expert and is the founder of MoverFocus. Matt holds a Bachelor of Commerce (BCom) majoring in Finance and Marketing and Bachelor of Arts (BA) majoring in Economics and History. He also has completed the EiM (Essentials in International Moving) course from the FIDI Academy. His advice has been featured in Reader’s Digest, Yahoo Finance, MSN Money, Business News Daily and The SpareFoot Blog Go. Read more.