Hapag-Lloyd

DGAP-News: Hapag-Lloyd AG: Moody's upgrades Hapag-Lloyd to 'Ba3'

Retrieved on: 
Wednesday, October 14, 2020
Hapag-Lloyd, Transport in Hamburg, Credit rating agencies, Hapag, Lloyd, Moody's Investors Service, Transport, Service industries, Companies

This is the highest credit rating assigned to Hapag-Lloyd since the rating initiation by Moody's in 2010.

Key Points: 
  • This is the highest credit rating assigned to Hapag-Lloyd since the rating initiation by Moody's in 2010.
  • Moody's acknowledged that the container shipping market and in particular Hapag-Lloyd have performed very strongly and better than anticipated amidst the pandemic.
  • As a consequence, Hapag-Lloyd's credit metrics have continued to strengthen in the first half of 2020.
  • The rating action also incorporates Hapag-Lloyd's prudent financial policy as evidenced by significant debt reduction efforts over the last years.

DGAP-News: Hapag-Lloyd AG: Standard & Poor's upgrades Hapag-Lloyd to 'BB-' with 'positive' outlook

Retrieved on: 
Monday, October 5, 2020
Finance, Financial markets, Money, Hapag-Lloyd, Transport in Hamburg, Earnings before interest, taxes, depreciation and amortization, S&P Global Ratings, Lloyd

- Improved credit quality validated by resilient EBITDA, tight cost control and continuous debt reduction

Key Points: 
  • - Improved credit quality validated by resilient EBITDA, tight cost control and continuous debt reduction
    Rating Agency Standard & Poor's (S&P) has published an updated report on Hapag-Lloyd today.
  • S&P argued, that it expects Hapag-Lloyd to continue its solid 2019 EBITDA performance in 2020.
  • Furthermore, S&P recognised that Hapag-Lloyd has outperformed its cost-reduction targets, enhanced its operating efficiency, decreased cost per container shipped, and improved its profitability.
  • The positive outlook reflects S&P's view that Hapag-Lloyd has the capacity to further reduce leverage and to increase credit quality.

TUI AG: Pre-Close Trading & C-19 Update

Retrieved on: 
Tuesday, September 22, 2020
Cruise lines, Transport, Shipping companies, Travel, TUI Group, Hapag-Lloyd, TUI Cruises

TUI will emerge a stronger, leaner, more digitalised business and is well positioned to benefit from the expected recovery."

Key Points: 
  • TUI will emerge a stronger, leaner, more digitalised business and is well positioned to benefit from the expected recovery."
  • Over the last month, we have been impacted by continuous changes in travel advice by various governments across our markets.
  • In Cruises, both TUI Cruises and Hapag-Lloyd Cruises successfully restarted itineraries offering short, European cruises from the end of July.
  • Three out of its seven-ship fleet were operated by TUI Cruises during the final quarter of our financial year.

DGAP-News: Hapag-Lloyd delivers good half-year result, but uncertainties due to COVID-19 pandemic remain

Retrieved on: 
Friday, August 14, 2020
Fundamental analysis, Profit, Finance, Earnings before interest, taxes, depreciation, and amortization, Private equity, Money, Hapag-Lloyd, Economy

Hapag-Lloyd delivers good half-year result, but uncertainties due to COVID-19 pandemic remain

Key Points: 
  • Hapag-Lloyd delivers good half-year result, but uncertainties due to COVID-19 pandemic remain
    The issuer is solely responsible for the content of this announcement.
  • At the same time, earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to USD 1.29 billion (EUR 1.17 billion).
  • "After the year got off to a decent start, transport volumes significantly declined in the second quarter as a result of the COVID-19 pandemic.
  • On the whole, the pandemic is and will remain a major source of uncertainty for the entire logistics industry."

TUI AG: Sale of Hapag-Lloyd Cruises to TUI Cruises completed

Retrieved on: 
Wednesday, July 8, 2020
Cruise lines, TUI Group, Royal Caribbean Cruises Ltd., Shipping companies, Economy of Germany, Water transport, TUI AG, TUI Cruises, Hapag-Lloyd, Cruise ships, Cruise Lines International Association

Hanover/Hamburg, 8 July 2020: The TUI Group has successfully completed the sale of its subsidiary Hapag-Lloyd Cruises to TUI Cruises.

Key Points: 
  • Hanover/Hamburg, 8 July 2020: The TUI Group has successfully completed the sale of its subsidiary Hapag-Lloyd Cruises to TUI Cruises.
  • Hamburg-based TUI Cruises is a joint venture between TUI and Royal Caribbean Group.
  • The joint venture TUI Cruises, which has developed very successfully since 2008, will thus be expanded as planned.
  • In its new set-up, the Hapag-Lloyd Cruises brand will remain the leading provider of luxury and expedition cruises in German-speaking markets.

DGAP-News: Hapag-Lloyd Annual General Meeting approves all proposed resolutions

Retrieved on: 
Friday, June 5, 2020
Economy, Finance, Money, Hapag-Lloyd, Transport in Hamburg, Dividend, Investor relations

Hapag-Lloyd AG shareholders approved today with the required majority all items on the agenda put to the vote at the virtual Annual General Meeting.

Key Points: 
  • Hapag-Lloyd AG shareholders approved today with the required majority all items on the agenda put to the vote at the virtual Annual General Meeting.
  • This included the appropriation of the net profit and thereby the payment of a dividend of EUR 1.10 per share.
  • The shareholders also approved the proposal of the Supervisory Board to elect Dr Isabella Niklas to the Supervisory Board as a shareholder representative.
  • All voting results of today's Annual General Meeting can be viewed in the Investor Relations section of the Hapag-Lloyd website at https://www.hapag-lloyd.com/en/ir/calendar-events/annual-general-meeting....

DGAP-News: Hapag-Lloyd gets 2020 off to a decent start despite coronavirus pandemic, but uncertainties remain for the year

Retrieved on: 
Friday, May 15, 2020
Profit, Fundamental analysis, Economy, Articles, Finance, Earnings before interest and taxes, ebit, Earnings before interest, taxes, depreciation, and amortization, Hapag-Lloyd, Earnings, Coronavirus, Pandemic

Hapag-Lloyd gets 2020 off to a decent start despite coronavirus pandemic, but uncertainties remain for the year

Key Points: 
  • Hapag-Lloyd gets 2020 off to a decent start despite coronavirus pandemic, but uncertainties remain for the year
    The issuer is solely responsible for the content of this announcement.
  • Hapag-Lloyd gets 2020 off to a decent start despite coronavirus pandemic, but uncertainties remain for the year
    For the first quarter of 2020, Hapag-Lloyd recorded earnings before interest and taxes (EBIT) of USD 176 million (EUR 160 million), which is below the corresponding prior-year figure of USD 243 million (EUR 214 million).
  • Earnings before interest, taxes, depreciation and amortisation (EBITDA) decreased slightly to USD 517 million (EUR 469 million).
  • "Despite the coronavirus pandemic, we have gotten the year off to a good start.

Finacity Announces an Increase to $550 Million of a Global Freight Receivables Securitisation Facility for Germany Headquartered Hapag-Lloyd Group

Retrieved on: 
Tuesday, January 7, 2020
Economy, Shipping companies, Finance, Hapag-Lloyd, Transport in Hamburg, Accounts receivable, Securitization, Hapag, Hamburg America Line

HAMBURG, Germany and LONDON and STAMFORD, Conn., Jan. 07, 2020 (GLOBE NEWSWIRE) -- Finacity Corporation (Finacity) announces today that it has facilitated the successful increase to $550 million of an existing freight receivables securitization for Hapag-Lloyd Group (Hapag-Lloyd).

Key Points: 
  • HAMBURG, Germany and LONDON and STAMFORD, Conn., Jan. 07, 2020 (GLOBE NEWSWIRE) -- Finacity Corporation (Finacity) announces today that it has facilitated the successful increase to $550 million of an existing freight receivables securitization for Hapag-Lloyd Group (Hapag-Lloyd).
  • Finacity serves as Arranger, providing analytic and structuring support and as on-going Administrator and Back-up Servicer for this multi-bank facility.
  • Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, servicing, and bond administration.
  • Greensill provides working capital finance facilities to customers across Europe, North America, Latin America, Middle East, Africa, and Asia.

Capital Product Partners L.P. Announces the Acquisition of Three 10,000 TEU Container Vessels and Partial Refinancing of its 2017 Credit Facility

Retrieved on: 
Wednesday, December 18, 2019
Economy, Money, Finance, Mortgage, Loans, Intangible assets, Tax law, Amortization, Real estate, Hapag-Lloyd, Refinancing, Debt

The vessels are under long-term time charters with Hapag-Lloyd which will expire in April 2024.

Key Points: 
  • The vessels are under long-term time charters with Hapag-Lloyd which will expire in April 2024.
  • The time charters include two one-year options at $32,500 and $33,500 gross per day, respectively.
  • In addition, the Partnership has various purchase options commencing from the first year anniversary of the lease.
  • Total debt amortization after the partial refinancing under the ICBCFL lease and the 2017 credit facility will amount to $26.5 million per year compared to $30.8 million annual debt amortization currently paid under the 2017 credit facility.

Hapag-Lloyd Selects Blume Global to Provide Logistics Support for Partner Network

Retrieved on: 
Thursday, December 12, 2019
Logistics, Systems engineering, Hapag-Lloyd, Articles, Business, Systems science

PLEASANTON, Calif., Dec. 12, 2019 /PRNewswire/ -- Blume Global , a leader in global logistics and digital supply chain solutions, today announced that Hapag-Lloyd , one of the world's leading shipping companies, has selected Blume Logistics to support its entire global network of motor carrier partners, commencing in North America in January 2020.

Key Points: 
  • PLEASANTON, Calif., Dec. 12, 2019 /PRNewswire/ -- Blume Global , a leader in global logistics and digital supply chain solutions, today announced that Hapag-Lloyd , one of the world's leading shipping companies, has selected Blume Logistics to support its entire global network of motor carrier partners, commencing in North America in January 2020.
  • Blume Logistics, part of the Blume Universe of solutions built on the Blume Global digital platform, will digitally connect Hapag-Lloyd's network of motor-carrier partners, which encompasses the complete order to settlement workflow.
  • "Blume Logistics helps companies successfully manage logistics execution across the supply chain network, and around the world, with first and last mile shipment visibility and control over transportation spending.
  • Blume Logistics provides a robust network for logistics tendering, tracking, event capture, POD verification and settlement initiation.