New shareholder structure of Hapag-Lloyd

City of Hamburg and logistics entrepreneur Klaus-Michael Kühne increase their shares of container shipping line Hapag-Lloyd

It is certain since the evening of 14 February: The shareholder structure of the container shipping line Hapag-Lloyd will be reorganised in the coming months. The travel group TUI AG will reduce its holding in the Hamburg-based enterprise from currently 38.4 per cent in several steps to 22 per cent. The city of Hamburg in turn increases its holding from 23.6 per cent to 37 per cent and thus advances to the major shareholder of the shipping company. Klaus Michael Kühne increases his shares from 24.6 to 28.2 per cent.

Together with the insurance companies Hanse-Merkur and Signal Iduna, the investors of the Albert-Ballin consortium raise EUR 600 million for these measures. EUR 420 million thereof are raised by the city of Hamburg, EUR 160 million by Klaus-Michael Kühne, EUR 13 million by Hanse-Merkur and EUR 7 million by Signal Iduna.

The commitment of the city of Hamburg is no coincidence. Hapag-Lloyd is the port of Hamburg’s most important customer. Together with its partner shipping companies from the Grand Alliance which was initiated back in 1997, Hapag-Lloyd accounts for approximately half of all container handling on the Elbe river. More than a quarter of the 82 liner services operated by Hapag-Lloyd around the world call at Hamburg. Including feeder services, Hapag-Lloyd links the port of Hamburg with more than 215 ports on all continents. The Hanseatic city wants to keep this status.

Hapag-Lloyd is Germany’s largest liner shipping company, transporting more than five million containers (TEU) every year and generating revenue of around EUR 6 billion. Founded in Hamburg in 1847, the company is represented in 114 different countries and employs approximately 6,900 people around the world, close to 1,700 of whom are based in Hamburg (shore-based and marine personnel). Its fleet of 150 ships with a total capacity of nearly 680,000 TEU includes two modern training ships sailing under the German flag, which regularly call at Hamburg.

Quelle: LogEastics
Portal: www.logistik-express.com