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

Supply Chain Research

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

Cons. Discr. - Retailing 471 Consumer Staples 762 Corp - Shipping 979 India 513 Industrials - Capital Goods 584 Mode - Containerized 1472 Mode - Seaborne 1803 Pakistan 26 U.S. 5322

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, after growth of 41....

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