Hamburg to increase stake in Hapag-Lloyd

Container throughput in the Port of Hamburg rose to 1.9 million TEU in Q1 2024, while total seaborne cargo hit 27.4 million tonnes.

Scan Global Logistics and Hapag-Lloyd partnered on a multimillion-dollar ocean biofuel initiative, advancing their shared sustainability goals.

Hapag-Lloyd’s Q1 2024 saw a Group EBITDA of US$942M, a decline in EBIT to US$396M, and profit to US$325M, despite a 6.8% rise in transport volumes to 3M TEU.

Port of Hamburg provides shore power to both cruise and cargo ships, with CMA CGM’s Vasco de Gama being the first container vessel to utilise it at CTH.

Hapag-Lloyd partners with IKEA to reduce CO2 emissions from Asian shipments by using eco-friendly biofuel, targeting 100,000 tons reduction in 2024-2025.

MSC is poised to increase size gap over CMA CGM, and Maersk will become the second-largest carrier; Hapag-Lloyd aims to maintain top-5 status.