Please be advised that effective February 15, 2010, Hapag-Lloyd will increase rates for all commodities (Dry Containers) for cargo from the U.S.A. to East Asia follows:

• USD 100/40ft (USD 80/20ft) for Long Beach, CA and Los Angeles, CA origins
• USD 150/40ft (USD 120/20ft) for all other origins

East Asia comprises Japan, Korea, Taiwan, Hong Kong, China (PRC),
Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore,
Brunei, Indonesia, Philippines and the Russian Pacific Ports of
Vladivostok and Vostochny.

Hapag-Lloyd announces the General Rate Increase effective January 21, 2010

Please be advised that Hapag-Lloyd will increase rates for all dry and
reefer containers from Indian Subcontinent to North Europe and the
Mediterranean by

• USD 150 per TEU with effect from January 21, 2009

Indian Subcontinent comprises India, Pakistan, Bangladesh, Sri Lanka and the Maledives.

Source: Hapag Lloyd

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• Kuehne nail Chairman Wants To Raise use in Hapag-Lloyd

    Kuehne & Nagel International AG’s executive chairman and majority owner Klaus-Michael Kuehne said he is interested in raising his private stake in Hapag-Lloyd AG.

• CMA CGM, Maruba and Hapag-Lloyd South combine services

    CMA CGM, Maruba and Hapag-Lloyd are collaborating in a regular weekly service between Northern Europe and the east coast of South America. Read at CMA CGM, Maruba and Hapag-Lloyd combine South America services

• Connect to CMA CGM, Hapag-Lloyd Maruba and South America Services

    CMA CGM, Maruba and Hapag-Lloyd are collaborating in a regular weekly service between Northern Europe and the east coast of South America. Read at CMA CGM, Maruba and Hapag-Lloyd combine South America services

• No gain for Hapag in 2010 – Kuehne

    Roubled German shipping line Hapag – Lloyd will not return to profitability for another year according one of the major shareholders.

• Hapag-Lloyd slashes quarterly loss

    Hapag-Lloyd, Germany’s largest ocean container carrier, drastically reduced losses in the final three months of the year on substantial freight rate increases on some routes but is forecast to remain in the red through 2010. Operating losses widened to $29 million in the three months to end-December from $11.4 million

• Hapag-Lloyd owner prepared to the lifeline

    The owners of Hapag-Lloyd are preparing to give the container shipping company further 420 million euros ($595.9 million), several people familiar with the situation told Reuters. “It is still undecided whether TUI will inject further cash or transform existing loans to Hapag into equity,” said a source close to TUI. The latter

• Hapag-Lloyd Kuehne Investor urges tie-up

     Klaus-Michael Kuehne, shareholder in Hapag-Lloyd, is pushing for a tie-up of the German container shipping company with peers in Europe or Asia to secure Hapag-Lloyd’s long-term survival.  Kuehne, one of the biggest shareholders in a consortium that bought a 57 percent stake in Hapag-Lloyd from German tourism group TUI AG earlier this

• EU challenges Hapag-Lloyd loan

    European Union regulators are challenging the German government’s $1.7 billion loan guarantees to Hapag-Lloyd, the country’s biggest ocean container carrier, which narrowly avoided a loss in the fourth quarter.

• Hapag-Lloyd India to raise prices

    Hapag-Lloyd in April will seek rate increases on two trade lanes affecting the Indian Subcontinent. A rate increase on the westbound trades from the Indian Subcontinent to Europe will be $200 per 20-foot equivalent unit, effective April 1. The rate increase will apply to all cargo moving from India, Pakistan,

• APL and Hapag Lloyd rebuilding joint Asia-Mexico service

    APL and Hapag-Lloyd have amended their joint Asia-Mexico service by switching from the present SAX loop to the PS2 loop, according to an AXS-Alphaliner weekly newsletter. It said the move corresponds to a change in the Asian range coverage of the joint service. The PS2 service then turns in six weeks

• TUI Falls as the FT reports Germany Hapag may not get state aid

    TUI AG, the biggest stakeholder in the Hapag-Lloyd shipping line, fell the most in two weeks in German trading after Financial Times Deutschland said Hapag’s bid for state aid may be derailed by the European Union. Hapag wants loan guarantees worth 1.2 billion euros ($1.76 billion) from Germany’s federal government, an

• Hapag-Lloyd to sell box terminal goes for $ 446

     Hapag-Lloyd has agreed to sell its 25.1% stake in Hamburg’s Container-Terminal Altenwerder for €315m ($446.3m) as part of a €330m rescue package agreed with key shareholders last night. The struggling German container line hopes to buy back its CTA holding, which it has owned since the facility was opened in 2002,

• Hapag-Lloyd to hike prices from South Asia

     Hapag-Lloyd will increase rates for all cargoes shipped from India, Pakistan, Bangladesh and Sri Lanka to North Europe and the Mediterranean (including the Black Sea) by US$100 per TEU from November 23. Cargonews Asia

• TUI board rebuffs Fredriksen Bid

    Hapag-Lloyd co-owner TUI on Monday rejected the latest bid by its biggest shareholder John Fredriksen, the Norwegian shipping tycoon, for a seat on the TUI supervisory board. TUI said the board unanimously nominated Klaus Mangold as a successor to supervisory board member Juergen Krumnow, who had previously announced he was

• Hapag-Lloyd may EU300 million credit, Ahrons Says

     Hapag-Lloyd AG, Germany’s largest container-shipping line, will get an emergency credit of 300 million euros ($429 million) provided all its shareholders agree, a lawmaker said.  The cash injection will be part of a 1.75 billion-euro rescue package by lenders and shareholders including TUI AG to secure Hapag-Lloyd’s long-term viability, Barbara Ahrons, a