*** Welcome to piglix ***

Hapag Lloyd

Hapag-Lloyd
Aktiengesellschaft
ISIN DE000HLAG475
Industry Liner Shipping
Genre Shipping line
Founded 1847
Headquarters Hamburg, Germany
Area served
Worldwide
Key people
Rolf Habben Jansen (CEO), Nicolás Burr (CFO), Anthony James Firmin (COO)
Owner 31.4% CSAV Chile
20.6% HGV Germany
20.2% Kühne Maritime Germany
12.3% TUI AG Germany
15.5% freefloat
Number of employees
9,300+
Website http://www.hapag-lloyd.com

Hapag-Lloyd is a German transportation company comprising a cargo container shipping line, Hapag-Lloyd AG, which in turn owned other subsidiaries such as Hapag-Lloyd Cruises.

Hapag-Lloyd AG is the world's fifth largest container carrier in terms of vessel capacity. The company was formed in 1970 as a merger of two 19th-century companies, Hapag, which dated from 1847, and Norddeutscher Lloyd (NDL) or North German Lloyd (NGL), which was formed in 1856. Hapag-Lloyd was acquired in 1998 by TUI AG (Hanover) and became its fully owned subsidiary in 2002. In 2009, TUI sold a majority stake to a group of private investors and the City of Hamburg, the so-called Albert Ballin Consortium. The main founders of Hapag and Lloyd in the 19th century were Berenberg Bank, Fritz Albert Haas, and H. J. Merck & Co.. In February 2012 the German company TUI sold more shares of the German owned company Hapag-Lloyd to the City of Hamburg which is the largest share holder with approx. 37% followed by Kuehne Maritime with 28% and TUI AG with 22%. The other shareholders are Hamburg based banks and insurances.

In 2013 Hapag-Lloyd and CSAV started merger talks which ended in Hapag-Lloyd taking over the container business of Chile's CSAV in December 2014. In exchange for contributing its container business CSAV received 30% of the shares in the enlarged Hapag-Lloyd company. After a capital increase by CSAV and Kühne Maritime in December 2014 the actual owners of Hapag-Lloyd are CSAV (34%), the City of Hamburg (23.2%), Kühne Maritime (20.8%), TUI (13.9%), Signal Iduna (3.3%), HSH Nordbank (1.8%), an investor pool led by the Hamburg-based private bank M.M.Warburg & CO (1.8%) and HanseMerkur (1.1%). The integration of the CSAV container business into Hapag-Lloyd was concluded in 2015 making Hapag-Lloyd one of the market leaders in the Latin American markets besides its already existing leading position on the North Atlantic.

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.


...
Wikipedia

...