Hapag-Lloyd adds India-U.S. service after unsatisfactory Q1 — Panjiva
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Hapag-Lloyd adds India-U.S. service after unsatisfactory Q1

Cons. Discr. - Retailing 518 Consumer Staples 806 Corp - Shipping 1027 India 552 Industrials - Capital Goods 622 Mode - Containerized 1524 Mode - Seaborne 1845 Pakistan 27 U.S. 5401

Hapag-Lloyd may have failed to capitalize on the recent shipping volume boom, with CEO Rolf Habben Jansen stating “the development of the transportation volume was somewhat unsatisfactory” in Q1’21. U.S. seaborne imports linked to the firm rose by just 3.5% year over year in April, with shipments from Asia ex-China leading the way with growth of 15.8% year over year. The latter may explain the decision to add three new services from India / Pakistan to U.S. east coast ports in May and June. Hapag-Lloyd handled 159,190 TEUs on those routes in the 12 months to April 30...

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