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.

Kuehne doesn’t want to take over the entire Hamburg-based shipping company, but wants to remain part of a consortium.

Kuehne told the Hamburg Financial Journalists’ Club that the ownership
structure would have to change in order for him to raise his private
investment in Hapag-Lloyd. “The mix of investors at the moment bothers
me,” said Kuehne, adding that the shareholders’ interests are too
different.

That is why Kuehne is seeking new investors for Hapag-Lloyd. He also
wants to retain Hapag-Lloyd’s independence and its German ownership.
Other goals include “getting the company in shape and keeping it that
way.”

Kuehne owns a stake of about 25% in Hapag-Lloyd within the Albert
Ballin GmbH & Co. KG consortium, which together owns 56.7%. TUI AG
owns the remaining 43.3%.

Source: Dow Jones

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• 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 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

• 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

• 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-Lloyds strategy pays off

    Hapag-Lloyd, the world’s sixth-largest container carrier, is set to move from financial intensive care into operational convalescence.

• 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,

• 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 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

• 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 to gain 923 million-euro cash injection

    German shipping line Hapag-Lloyd AG may receive a 923 million-euro ($1.32 billion) cash injection from owners including the city of Hamburg as the company seeks to bolster its chances of receiving a federal loan guarantee. The capital increase approved today by the city’s government is more than the 750 million euros

• Hapag-Lloyd announces the general increase effective 15 February 2010

    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

• 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

• 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

• 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

• 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