Hapag-Lloyd

Hamburg-based carrier, the largest in Germany

Overview

Hapag-Lloyd operates 291 container ships with a combined capacity of 2,413,056 TEU (twenty-foot equivalent units), 6.9% of the world liner fleet, according to the Alphaliner Top 100.[1] Of that capacity, 1,448,595 TEU on 133 ships is owned and 964,461 TEU on 158 ships is chartered in, so chartered tonnage accounts for 40% of its fleet.[1] Its orderbook of 489,224 TEU on 62 ships equals 20% of its current capacity.[1] Alphaliner’s figure for Hapag-Lloyd includes NileDutch and DAL and integrates the former UASC fleet.[1] Hapag-Lloyd has the smallest orderbook relative to fleet size among the top seven, about 20%, meaning its share could fall as rivals take delivery of new ships.[1]

Hapag-Lloyd strengths and limitations

Strengths

  • Large fleet with mostly owned ships
  • Moderate orderbook
  • Fifth-largest worldwide

Limitations

  • Smallest orderbook ratio in the top seven
  • Less than a third of MSC's capacity
  • Exposure to freight-rate cycle

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Hapag-Lloyd peers and competitors

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