Hapag-Lloyd Cruises
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| Aktiengesellschaft | |
| ISIN | DE000HLAG475 |
| Industry |
Marine transportation Container shipping Cruise liner/Nautical tourism |
| Founded | 1970 |
| Headquarters | Hamburg, Germany |
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Area served
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Worldwide |
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Key people
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Rolf Habben Jansen (CEO), Nicolás Burr (CFO), Anthony James Firmin (COO) |
| Owner | 22.6% CSAV (Chile) 17.6% Kuehne Maritime (Germany) 14.9% City of Hamburg (Germany) 14.4% Qatar Investment Authority (Qatar) 10.1% Public Investment Fund (Saudi Arabia) 20.4% Free float |
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Number of employees
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9,300+ |
| Website | http://www.hapag-lloyd.com |
Hapag-Lloyd is a multinational German-based transportation company. It is composed of a cargo container shipping line, Hapag-Lloyd AG, which in turn owns other subsidiaries such as Hapag-Lloyd Cruises. The container transport arm of Hapag-Lloyd AG is currently the world's fifth largest container carrier in terms of vessel capacity.
The company was formed in 1970 by the merger of two German transportation/maritime companies, Hamburg America Line (HAPAG), which dated from 1847, and Norddeutscher Lloyd (NDL) or North German Lloyd (NGL), which was formed in 1856.
Since it's formation, Hapag-Lloyd has been sold to many organizations and it has also underwent numerous mergers with other companies. For instance, Hapag-Lloyd was completely acquired by, and became a subsidiary of TUI AG (Hanover) in 1998. This major event was followed by TUI selling majority stake of Hapag-Lloyd to various private investors in Hamburg in 2009 and again in 2012. Other important events in the company's history include Hapag-Lloyd's acquisitions of CP Ships in 2005 and CSAV in 2014 as well as Hapag-Lloyd's merger with United Arab Shipping Company in 2017.
Currently, the company is owned by several public and private investors, with majority stake controlled by CSAV.
Hapag-Lloyd was formed in 1970 through a merger of Hamburg America Line (HAPAG) and the North German Lloyd.
The Hamburg-Amerikanische Paketfahrt-Aktien-Gesellschaft for shipping across the Atlantic Ocean was founded in Hamburg. In 1912, Hapag built the first of their "Big Three" ocean liners; the Imperator, followed by her sister Vaterland. The third sister, Bismarck, was under construction at the outbreak of World War I and was completed after the war for White Star Line as the Majestic. These were the first liners to exceed 50,000 gross tons and 900 feet in length.
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Wikipedia