Hapag Lloyd AG (HLAG.DE)
Tue, Jul 10 2018
FRANKFURT The chief executive of German container shipping liner Hapag Lloyd said he was not aware of major merger activities in the sector a day after a Reuters report said his company had been approached by French rival CMA CGM [CMACG.UL].
* Mid-term fundamentals positive, but trade wars a threat (Adds reference to M&A talk, business environment)
FRANKFURT, July 10 German shipping company Hapag-Lloyd is to cut costs to combat runaway price increases in bunker fuels that caused it to slash full year earnings forecasts last month, its chief executive told shareholders on Tuesday.
LONDON/FRANKFURT The world's no. 3 container shipping line, CMA CGM of France, has made an exploratory approach to German rival Hapag-Lloyd over a possible merger as players in the sector hunt for tie-ups to beat depressed conditions, finance sources say. | Video
LONDON/FRANKFURT The world's no. 3 container shipping line, CMA CGM of France, has made an exploratory approach to German rival Hapag-Lloyd over a possible merger as players in the sector hunt for tie-ups to beat depressed conditions, finance sources say.
FRANKFURT, June 29 German container shipping line Hapag-Lloyd slashed its full-year profit forecast, saying that freight rates had recovered more slowly than expected while fuel and charter costs had ballooned.
FRANKFURT, June 11 German shipping line Hapag-Lloyd has stopped one of two feeder services to Iran and will decide on the remaining one before a Nov. 4 deadline imposed by the United States, which has reimposed sanctions on Tehran.
* Approves new cruises ship for Hapag-Lloyd brand (Adds CEO comments, details on summer bookings)
BERLIN, May 9 Europe's largest travel and tourism group TUI Group said it had approved construction of another cruise ship for its Hapag-Lloyd cruise business and that summer trading was good as it reported second quarter results.
* Shares up 2.3 percent (Adds details from press briefing, update shares)