Hapag-Lloyd AG · Hamburg Germany
Company Description
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This link will open in a new window Seafaring Hapag-Lloyd is the transportation arm of German tourism giant TUI . Subsidiary Hapag-Lloyd Container Line, which accounts for most of Hapag-Lloyd's sales, operates a fleet of about 135 containerships. Overall, Hapag-Lloyd Container Line's vessels have a capacity of more than 490,000 twenty-foot equivalent units (TEU). The unit's routes link Europe, Asia, the Americas, and Africa. In addition to freight transportation, Hapag-Lloyd offers luxury ocean and river cruises under its Hapag-Lloyd Cruises brand. TUI sold Hapag-Lloyd's container operations to a German investment group in March 2009. To read the full description, subscribe now.
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Key Hapag-Lloyd AG Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $6,189.2 |
| Employees | 2,600 |
Hapag-Lloyd AG Executives
14 executives listed for Hapag-Lloyd AG's Hamburg, location.
| Title | Name & Bio | Contact |
| Chairman, Executive Board | Michael Behrendt | Network |
| Deputy Chairman, Supervisory Board | Barbara Ruthmann | Network |
| CFO, Human Relations Executive, and Board Member | Ulrich Kranich | Network |
Competition
Competitive Landscape for Hapag-Lloyd AG
Demand is driven by macroeconomic trends in global imports and exports. The profitability of individual companies depends on efficient operations and a good safety record. Large companies have advantages in fleet size and port access. Small companies can compete effectively by chartering services out of smaller ports and transporting unusual cargo. Average annual revenue per worker for a typical company is nearly $500,000. The global shipping industry transports over 90 percent of the world's total commerce, according to the International Shipping Federation (ISF). Deep sea shipping is a highly competitive industry; however, competition from other forms of transportation is limited. To read the full description, subscribe now.Top Hapag-Lloyd AG Competitors
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