germany shipping industry hapag-lloyd

Hapag-Lloyd

Head Office: Hamburg, Germany

Founded: 1970

Revenue: €6.567/ $8.22 Billion

Employees:  7,000

Stock Market: Private Company (37 percent owned by city of Hamburg)

Summary:  Hapag-Lloyd has a long and colorful history. One of its predecessor companies, the North German Lloyd company, helped carry the wave of immigrants to the United States after its founding in 1856. The current company officially started in 1970, after the merger of the Hapag and Lloyd companies.

They also have a cruise line under the Hapag-Lloyd Cruises brand

Ship Capacity: Currently, Hapag-Lloyd has 135 ships with a total capacity of 600,000 Twenty Foot Equivalent Units (TEU).

The largest ship in the container fleet is the Colombo Express with a capacity of 8700 TEU.

Main Trade Routes: Hapag-Lloyd has trade routes in over 130 countries through Europe, Asia, Americas, and Africa.

Memberships/Alliances: The Company is part of the G6 Alliance. Other members are: APLHyundai Merchant MarineMitsui O.S.K. LinesNippon Yusen Kaisha and Orient Overseas Container Line.

Claim to Fame: While this is not exactly a claim to fame, Hapag-Lloyd had to rebuild their fleets from scratch, after each World War.

Final Thoughts:

Hapag-Lloyd’s recent merger with Compañía Sud Americana de Vapores (CSAV) makes the company the fourth largest container shipping company in the world.