The Federal Maritime Commission today approved a settlement agreement reached between its Bureau of Enforcement and Hapag-Lloyd AG where the ocean carrier will pay a $2 million civil penalty to address alleged violations related to their detention and demurrage practices.
Hapag-Lloyd has concluded the first quarter of 2022 with an EBITDA of USD 5.3 billion (EUR 4.7 billion). The EBIT rose to USD 4.8 billion (EUR 4.3 billion), and the Group profit climbed to USD 4.7 billion (EUR 4.2 billion).
Hapag-Lloyd and German carrier Deutsche Afrika-Linien (DAL) today signed a framework agreement under which Hapag-Lloyd will acquire the container liner business of DAL.
On Monday (7 March 2022), a man, unidentified so far, was sailing in an inflatable raft off the Southampton coast, England. The small boat’s engine had broken down at one point.
The global manufacturing and transportation communities are extending efforts to distance themselves from Russia.
The first company to receive recognition owing to their outstanding practice, commitments, and concern towards the protection of endangered whale populations from lethal ship strikes.
On the basis of preliminary figures, Hapag-Lloyd’s earnings before interest, taxes, depreciation and amortisation (EBITDA) for the 2021 financial year increased to more than USD 12.8 billion (approximately EUR 10.9 billion).
The EBIT was also much higher than in the prior-year period, at USD 6.9 billion (EUR 5.8 billion). At the same time, the Group profit improved to USD 6.7 billion (EUR 5.6 billion).
In cooperation with WAVE BL, a digital platform for supply chain partners, customers can go paperless not only with the Bill of Lading, but also with other vital trade documents.
One of the largest shipping majors of the world has reported first-half profits far above what was reported over the past decade. This showcases how global supply chain disruptions have been powering profits for carriers.