Back to the roots - Hapag Lloyd

On Wednesday, 5^th October 2016 we’ll visit Hapag Lloyd AG, one oft the largest global liner shipping companies in the world. The company developed from a merger between Hamburg American Line (HAPAG) an the North German Lloyd in 1970. Hapag was founded in Hamburg in 1847 and this is still the place where the group headquarter is located and where the executive board is based as well. About 20.6% of the company is even owned by the city of Hamburg^[1]. That’s why Hapag Lloyd is narrowly connected to our hometown Hamburg and well known by our studying group. We are very interested to get an insight of their work in Hong Kong.

Hapag Lloyd offers 170 ships and employs 9,300 people at 360 locations in 120 countries. About 7,800 employees work on land while 1,500 employees work on board. Volume of sales were at 6.8 billion Euro in 2014. The company has a world market share of around 4,4% which makes it the fifth largest container shipping company in the world, behold figure below.^[2]

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^[1]              Hapag Lloyd. „Hapag Lloyd: About us.“ Constructed on n/a. Accessed on 18 September 2016 [https://www.hapag-lloyd.com/en/about-us.html].

^[2]              Statista. „Hapag Lloyd: Statista Dossier.“ Created on n/a. Accessed on 18 September 2016. [https://de.statista.com/statistik/studie/id/24268/dokument/hapag-lloyd-statista-dossier/].

The market in Asia is important for the company and therefore also the great transition point Hong Kong. Hong Kong connects a wide part of inner china with the globalized world. While our visit we get the opportunity to enjoy a tour through Modern Terminals Limited, a service provider that owns and operates container terminals at Twai Tsing Container Port, Hong Kong. It opened Hong Kong’s first purpose-built container in 1972. Aside from Hong Kong it runs business units in Dachan Bay and Taicang.^[3]

We are happy that we can visit these two companies and are already looking forward to the 5^th October 2016.

Written by Theresa & Felix

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^[3]              Modern Terminals. „Modern Terminals Limited: About us.“ Created on n/a. Accessed on 18 September 2016. [http://www.modernterminals.com/group/index.php/About/index.html].