Hapag Lloyd
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| Aktiengesellschaft | |
| ISIN | DE000HLAG475 |
| Industry | Liner Shipping |
| Genre | Shipping line |
| Founded | 1847 |
| 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 | 31.4% CSAV Chile 20.6% HGV Germany 20.2% Kühne Maritime Germany 12.3% TUI AG Germany 15.5% freefloat |
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Number of employees
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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.
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Wikipedia