Growth in demand fails to offset rising fuel costsFriday, 1 August, 2008, 12:00am
German shipping and logistics conglomerate Hapag Lloyd Group battled record low market conditions last year to boost comparative net profit 20 per cent to 230 million euros (about HK$1.6 billion).3 May 2002 - 12:00am
The Grand Alliance - Hapag Lloyd, Malaysia International Shipping Corp (MISC), NYK Line, Orient Overseas Container Line and P&O Nedlloyd - has announced an improved schedule for the pendulum service between Asia, North America and Europe from July.8 Jun 1998 - 12:00am
Anglo-Norwegian conglomerate Kvaerner has won shipbuilding orders totalling 1.35 billion krone (about HK$1.35 billion). The first contract has been placed by Germany's Hapag-Lloyd for a 410-passenger cruise ship for delivery in 1999. The second is for two ice-breakers for Dutch shipyard Wagenborg Shipping for delivery late next year.5 Dec 1997 - 12:00am
German travel and shipping group Hapag-Lloyd says it intends to order a new cruise vessel to replace its existing flagship Europa which has been sold to Star Cruises.
Hapag-Lloyd said the 'Cruise Ship 2000', as it has dubbed the project, would be in the luxury class and have 420 berths.26 Nov 1997 - 12:00am
Hapag-Lloyd plans to take over German travel services group Touristik Union International (TUI), making it the largest travel group in Europe. The merger could boost Hapag-Lloyd's annual sales from less than five billion deutschemarks (about HK$21.86 billion) to about 12 billion marks.15 Sep 1997 - 12:00am
The board of Hapag-Lloyd has appointed Rudiger Mack as managing director of Hapag-Lloyd (Asia), Singapore, taking over from Wulf Dehn.
Mr Mack starts work this month.
Mr Dehn is moving to New York to take on a similar position managing business activities in the western hemisphere.14 Jul 1997 - 12:00am
Germany's Hapaq-Lloyd is in talks to co-operate in container shipping with Hamburg Sued, a unit of the German family-owned food company Dr August Oetker, a report says.
The companies confirmed talks but said there was no foundation to reports they would merge their container shipping operations to form a new liner company to be 75 per cent-owned by Hapag-Lloyd.25 Oct 1996 - 12:00am
Shipping lines will be forced to continue with corporate productivity and restructuring measures to survive and are not likely to enjoy prosperity over the next three years, a shipping executive says.18 Sep 1996 - 12:00am
Peninsular and Oriental (P&O), the British shipping, construction and property investment group which owns 25 per cent of Shekou Port and has an interest in Hong Kong's Modern Terminals, is to rationalise its activities.27 Mar 1996 - 12:00am