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Financial News

• 01 Jul 2014 Rolf Habben Jansen to become Chief Executive Officer of Hapag-Lloyd

  Changes in the Executive Board resulting from departure of Michael Behrendt and Ulrich Kranich / Anthony J. Firmin to become new Executive Board member

• 13 May 2014 Hapag-Lloyd competes well in a difficult market environment in the first quarter

  5.5% greater transport volume / Freight rates remain under pressure / Persistently aggressive competition burdens earnings / Weak US dollar affects revenue development

• 23 Apr 2014 Dr Jürgen Weber to hand over the chair of the Supervisory Board to Michael Behrendt in autumn

  Dr. Jürgen Weber has decided to step down early as Chairman of the Supervisory Board of Hapag-Lloyd in autumn this year and hand over to Michael Behrendt.

• 16 Apr 2014 Hapag-Lloyd and CSAV agree to merge and create the fourth largest container shipping company

  Binding agreement signed / In return for contributing its container business, CSAV becomes new core shareholder of Hapag-Lloyd / Hapag-Lloyd becomes the world’s fourth-largest liner shipping company

• 26 Mar 2014 Hapag-Lloyd increases operating result and volume in 2013 financial year

  Hapag-Lloyd improved its result and transport volume in 2013 financial year. EBITDA increased year-on-year, by EUR 54.6 million to EUR 389.1 million.

• 22 Jan 2014 Hapag-Lloyd and CSAV have signed a Memorandum of Understanding

  MoU is not binding / Next phase with due diligence begins

• 05 Dec 2013 Talks between Hapag-Lloyd and CSAV

  Discussions about possible business combination or any other form of association / No binding agreement signed yet

• 12 Nov 2013 Hapag-Lloyd again reports a net profit in the third quarter

  Group profit of EUR 16.6 million in Q3 / Cumulative result after nine months considerably higher than prior year period / Transport volume up / Freight rate remains under strong pressure with high volatility

• 09 Oct 2013 Hapag-Lloyd successfully places Additional Notes

  Volume of EUR 150 million / Emission price of 101.75% / Proceeds will be used for redemption of existing Euro Notes

• 08 Oct 2013 Launch of additional Senior Notes Offering

  After successful placement of EUR 250 million / Additional volume of EUR 150 million

• 24 Sep 2013 Hapag-Lloyd ensures continuity within its executive management

  Rolf Habben-Jansen to become the new Chairman of the Executive Board on 1 July 2014 / Michael Behrendt to leave on 30 June 2014 as planned after more than twelve years at the helm of the liner shipping company

• 20 Sep 2013 Hapag-Lloyd successfully places bond

  Volume of EUR 250 million / Coupon at 7.75% / Bond was several times oversubscribed

• 19 Sep 2013 Hapag-Lloyd launches Senior Notes Offering

  Volume of EUR 200 million / Private placement to qualified institutional buyers

• 14 Aug 2013 Hapag-Lloyd Holding AG will be merged with Hapag-Lloyd AG

  Simplifying the Company’s structure / No impact on shareholder equity or operating processes

• 07 Aug 2013 Hapag-Lloyd reports a profit in the second quarter

  Group profit of EUR 20.9 million in Q2 / Operating result more than doubled compared to last year / Transport volume increases by 2.3%

• 15 May 2013 Hapag-Lloyd with improved first quarter

  Freight rate up 4.2% year on year / Slight increase in transport volume / Revenue growth of 3.1% / Loss significantly reduced / Rates under pressure again since April

• 06 May 2013 Change to the Hapag-Lloyd Executive Board

  Jesper Praestensgaard leaves Hapag-Lloyd

• 24 Mar 2013 Pressemitteilung der Hamburgische Seefahrtsbeteiligung "Albert Ballin" GmbH & Co. KG und der TUI-Hapag Beteiligungs GmbH

  Die Gesellschafter der Hapag-Lloyd AG informieren (please note: this press release is only available in German)

• 19 Mar 2013 Hapag-Lloyd increases freight rate, volume and revenue in 2012 financial year

  Freight rate up 3.2% on last year / Transport volume increases by 1.1% / Revenue rises by 12.1% to EUR 6.84 billion / Absence of peak season and persistently high energy costs weigh on business / Positive operating result of EUR 26 million / EBITDA of EUR 335 million

• 18 Dec 2012 Merger talks between Hapag-Lloyd and Hamburg Süd

  Merger talks between Hapag-Lloyd and Hamburg Süd

• 13 Nov 2012 Hapag-Lloyd increases revenue and profits in the third quarter

  After-tax earnings of EUR 45.6 million / Positive operating result of EUR 86.6 million / Average freight rate and revenue substantially higher than the same period last year

• 14 Aug 2012 Hapag-Lloyd substantially increases rate, revenue and result

  Successful turnaround in Q2 / Positive operating result of EUR 30.8 million / Revenue up 21% on last year / Average freight rate USD 110/TEU higher than in Q1 / Further increase in bunker prices and energy costs puts a burden on a sustainable earnings recovery

• 13 Jun 2012 Dr Jürgen Weber new Chairman of the Hapag-Lloyd Supervisory Board

  Dr Jürgen Weber elected to Supervisory Board and appointed Chairman / Weber replacing Dr Michael Frenzel as planned

• 10 May 2012 Hapag-Lloyd increases revenue and transport volume in Q1 2012

  Revenue up 8% at EUR 1.6 billion / Transport volume up 11% at over 1.3 million TEU / Soaring bunker prices depress earnings in Q1, which is always weak season for shipping

• 21 Mar 2012 Consolidated financial statements for 2011 approved: Hapag-Lloyd performs strongly in a challenging year

  Positive operating result despite heavy burden from severe energy cost rises / Average bunker price 34% up on the year / Rate increases in current year take effect

• 15 Feb 2012 Hapag-Lloyd remains strong in a challenging market environment

  Operating profit posted for full year 2011 / Preliminary EBIT of around EUR 101 million / EBITDA of approx. EUR 367 million / Transport volume rises to 5.2 million TEU / Average freight rate year on year only slightly lower

• 14 Feb 2012 Hapag-Lloyd: Share purchase strengthens Hamburg’s maritime position

  Hapag-Lloyd, the management and all employees are delighted with solution / It further strengthens Hapag-Lloyd’s ties with Hamburg and its port / Hapag-Lloyd is the port of Hamburg’s most important customer

• 20 Dec 2011 Moody’s confirms Hapag-Lloyd rating and acknowledges business model

  Rating agency emphasises solid financial structure and market share / Hapag-Lloyd “best industry performer” in Q3 / New G6 alliance further strengthens Hapag-Lloyd’s position in major trade

• 21 Nov 2011 Hapag-Lloyd generates positive operating result (Q3 and 9M)

  Hapag-Lloyd holds its own in a demanding market environment / EUR 78.8 million operating profit as of 30 September / Solid balance sheet / More than EUR 600 million in cash

• 20 Sep 2011 Standard & Poor’s confirms Hapag-Lloyd rating

  Standard & Poor’s today confirmed Hapag-Lloyd’s rating of BB-. With respect to the difficult economic environment for the shipping industry the outlook was adjusted from “stable” to “negative”

• 11 Aug 2011 Hapag-Lloyd in first half of 2011

  Positive EBIT in adverse market environment. Intense competition putting pressure on rates. Cost increases due to high oil price. Weak dollar depressing result

• 12 May 2011 Hapag-Lloyd in 2011 first quarter

  Good earnings in the 2011 first quarter – Rising oil price, weak US-dollar and increasing competition making current business more difficult

• 28 Feb 2011 Hapag-Lloyd emerged strengthened out of the crisis: record year in 2010 in terms of profitability

  Hapag-Lloyd achieved a transport volume of 4,947,000 TEU in 2010. Revenues climbed to 6,2 million euro and operating profits (EBIT) reached 583 million euro.

• 13 Dec 2010 Hapag-Lloyd orders large vessels and buys back corporate headquarters in Hamburg

  Hapag-Lloyd ordered four vessels with a capacity for 13,200 TEU each today and bought back its company headquarters in Hamburg's Ballindamm

• 07 Dec 2010 Supervisory Board renews contracts for Executive Board members

  The Supervisory Board extended the contracts with the Executive Board members Michael Behrendt and Ulrich Kranich today

• 16 Nov 2010 Hapag-Lloyd back on secure heading in the current 2010 financial year

  Today, Hapag-Lloyd AG is publishing for the first time an interim Group report for “Albert Ballin” Holding GmbH & Co. KG for the third quarter and the first nine months of the 2010 financial year. Revenue and earnings increased considerably both in the third quarter and in the first nine months of 2010.

• 11 Nov 2010 Group interim report on Tuesday, November 16, 2010

  Disclosure pre-announcement for the Group interim report of “Albert Ballin” Holding GmbH & Co. KG for the 3rd quarter and the first nine months 2010 on Tuesday, November 16, 2010 at 07:30 hrs.

• 25 Oct 2010 Launch of Additional €150 million Senior Notes Offering

  Hapag-Lloyd AG (“Hapag-Lloyd”), a leading global container liner shipping company, announces the offering of an additional EUR 150 million 9.00% Senior Notes due 2015 (the “Additional Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States to certain non-U.S. persons pursuant to Regulation S under the Securities Act.