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Hapag-Lloyd to equip 1.6 million containers with tracking devices by 2024

Turning point for Hapag-Lloyd: CEO Rolf Habben Jansen

Hapag-Lloyd starts rollout of Starlink to its fleet this year, enhancing efficiency and safety of the fleet

Dheeraj Bhatia has been based in Dubai as Senior Managing Director, Region Middle East, Hapag-Lloyd since 2018

Average freight rate of $1,761/TEU (H12022: $2,855/TEU) was down 38%, volume declined 3.4% YoY to 5.8 million TEUs

Avg freight rate declined 28% to $1,999/TEU (Q12022: $2,774/TEU) due to weaker demand and normalisation of supply chains

Customers can choose among three different options, representing different levels of avoidance in CO2e emissions

Hapag-Lloyd has set itself the goal of making all its containers smart including 1.6 million dry containers

Maersk was the most reliable carrier in January with 58.3% followed by MSC with 57.7%

Nine ocean carriers commit to converting 50% of original bills of lading to digital within 5 years and 100% by 2030

Despite continuous fall in freight rates, stock prices of major liners are consolidating at historically low valuations

Average freight rate increased to $2,863/TEU; EBITDA up 60% at over $20bn