Latest news with #HapagLloyd
Malay Mail
07-07-2025
- Business
- Malay Mail
Westports gets cargo lift from Gemini shift, trade turmoil
KUALA LUMPUR, July 7 — Westports Holdings Bhd's container volumes are estimated to be higher in the second quarter of 2025 (2Q 2025) compared to 0.6 per cent recorded in the 1Q 2025 due to the start of the Gemini Cooperation shipping alliance from Feb 1, 2025, according to CGS International Securities Malaysia Sdn Bhd (CGS MY). It said the volume growth resulted in a one-off boost to Westports' trans-shipment (t/s) volume in the first three months of 2025, as Hapag-Lloyd reshuffled its boxes when it joined Gemini and got a permanent boost to Westports' t/s volumes. 'Two of Evergreen's container shipping services were relocated to call at Westports instead of Port of Tanjung Pelepas (PTP) from April 1, 2025 (Evergreen relocated five services from PTP to the Port of Singapore),' it said in a research note today. CGS MY said Evergreen's move was directly linked to the higher t/s volumes that Gemini's Maersk and Hapag-Lloyd have given to PTP due to Gemini's transition to the hub-and-spoke model. It also opined that Westports' t/s volumes for 2Q 2025 were boosted by the US trade war with China, which started on April 2, 2025, but was largely suspended for 90 days on May 14, 2025. It added that the collapse in US-China trade in April caused shipping lines to redeploy their vessels to other trades, but US-China shipping capacity was reinstated after mid-May as US import demand returned. 'The whiplash vessel deployments resulted in greater t/s moves at both Port Klang and Singapore, according to Westports,' it said. CGS MY said a modest 3.4 per cent year-on-year (y-o-y) recovery to 11.19 million t/s in 2026 is expected, further accelerating to 5.5 per cent y-o-y to 11.80 million t/s in 2027, as manufacturers' efforts to move production out of China to Southeast Asia in light of the US trade war against China would begin to positively impact Malaysia's containerised volumes. 'Y-o-y growth in Average Revenue Per Teu (ARPT) and sequentially stronger container volumes in 2Q25F to be potential share price rerating catalysts for Westport,' it said. Meanwhile, CGS MY stated that the 15 per cent rise in port charges from July 15, 2025, would also boost Westports' 3Q 2025 results. 'Downside risks include the potential for the US to resume punitive trade tariffs on global economies (ex-China) after the 90-day reprieve ends on July 8, 2025, and a possible global recession that could impact the volumes on all container trade routes,' it added. — Bernama
Al Arabiya
22-06-2025
- Business
- Al Arabiya
Hapag-Lloyd: Still sailing through Strait of Hormuz but situation can change anytime
German shipping company Hapag-Lloyd on Sunday said its vessels were continuing to sail through the Strait of Hormuz following US strikes on Iranian nuclear facilities overnight, but it added the situation could be reviewed at any moment. 'We are still sailing through the Strait of Hormuz, but of course the situation can change within a very short time,' a spokesperson for the company said. Read more:
The National
20-06-2025
- Business
- The National
Shipping unhindered in Strait of Hormuz despite Israel-Iran war risks
Ships are continuing to travel through the Strait of Hormuz, but leading companies say they are closely monitoring the Israel-Iran conflict, and safety is a priority. 'So far, our operations across the region continue without interruption,' a spokesperson for German shipping company Hapag-Lloyd told The National in a statement. The company added that it is closely monitoring the 'geopolitical developments' in the Middle East and the 'safety of our seafarers and vessels as well as the cargo of our customers' are its priority. Ships carry about 20 million barrels of crude and refined products daily through the key waterway between Iran and Oman to various destinations from Gulf producers and from Iran and Iraq. This week, two ships collided in the Sea of Oman near the Strait of Hormuz after a 'navigational misjudgment' by one of the vessels. The UAE Energy Ministry did not blame the accident on the current conflict but it highlighted the risk of navigating through the water channel as it continues. Closing down the waterway is one option Iran could take to respond to its enemies, said Behnam Saeedi, a member of the Iranian parliament's national security committee. Shipping major Maersk said it will continue to use the Strait of Hormuz but will pause calling at the Israeli port of Haifa following Iran's bombardment of the coastal city this week. 'We will continue to closely monitor the situation and will be ready to reassess this as soon as feasible," Maersk said. The conflict began on June 13 when Israel launched a wave of strikes across Iran, killing senior military officials and hitting key nuclear sites. Iran launched retaliatory missile strikes on Israel, hitting a number of targets. The conflict is continuing with both countries hitting each others targets. Some LNG vessels en route to Qatar to load are holding back near Oman, maritime Research Consultancy Drewry Shipping said. Dry bulk imports of grain and agri-products, including soya beans and sugar, to Iran are also stalled at the moment, Rahul Sharan, deputy director of bulk research at Drewry told The National. 'Similarly, Iran's exports of iron ore, cement and clinkers, steel products and urea are also stalled,' he said. About 20 per cent of the world's oil consumption passes through the Strait of Hormuz, which is the only entry point to the Arabian Gulf. Impact on oil and trade Energy companies have also expressed concern about the war's impact on trade and oil shipments. A blockage of the Strait of Hormuz could deliver a substantial shock to global trade, Shell chief executive Wael Sawan said at the Japan Energy Summit and Exhibition in Tokyo on Thursday. 'If that artery is blocked, for whatever reason, it has a huge impact on global trade,' Bloomberg reported quoting Mr Sawan as saying. 'We have plans in the eventuality that things deteriorate.' Oil prices are trading higher on supply related concerns. Prices surged as much as 13 per cent on the first day of the conflict and analysts are expecting oil to touch $150 per barrel if the Strait of Hormuz is shut. 'What is particularly challenging right now is some of the jamming that's happening,' said Mr Sawan, referring to the interference with navigation signals in and around the Arabian Gulf. Shell is 'being very careful' with shipping in the Middle East due to the conflict, he said. Rising shipping costs Another impact of the war has been on shipping costs, which have gone up for vessels travelling through the region, including through rising insurance premiums, according to analysts and insurers. 'The price to charter a very large crude carrier from the Gulf to China reportedly more than doubled from about $20,000 a day a week ago to about $47,600 on Wednesday,' Philip Damas, managing director and head of Drewry Supply Chain, said. Insurance rates have also gone up for cargo vessels sailing in the Red Sea, Arabian Gulf and travelling to or from Israeli ports, according to Marcus Baker, global head of marine and cargo at Marsh McLennan. 'All quotes are now valid for 24 hours from most leaders, as opposed to 48 hours previously,' Mr Baker said. There is also a slight rise in war risk insurance rates for the Red Sea and Arabian Gulf and ports in Israel, he added. 'We are now seeing a modest drop in the number of ships sailing through the area,' Jakob Larsen, chief safety and security officer at Bimco shipping association, told The National. He added that US authorities reported no indications of a threat from Iran towards commercial ships other than those with links to Israel. However, Iran might expand their threats "to also take aim at ships without links to Israel,' if the tension mounts, he added. 'Iranian forces are highly skilled in asymmetric warfare and have prepared for decades for a scenario involving attacks against shipping through the Strait of Hormuz and adjacent waters,' he said. Last year, Iran's Revolutionary Guard seized a container ship with links to Israel in the strait.
Business Insider
15-06-2025
- Business
- Business Insider
Kepler Capital Sticks to Their Sell Rating for Hapag Lloyd (0RCG)
Kepler Capital analyst Axel Styrman maintained a Sell rating on Hapag Lloyd (0RCG – Research Report) on June 13 and set a price target of €129.00. The company's shares closed last Friday at €144.20. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Styrman covers the Energy sector, focusing on stocks such as Frontline, Euronav, and Torm. According to TipRanks, Styrman has an average return of -6.0% and a 35.25% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Hapag Lloyd with a €119.89 average price target, representing a -16.86% downside. In a report released on May 28, Barclays also maintained a Sell rating on the stock with a €93.00 price target.
Business Insider
29-05-2025
- Business
- Business Insider
Kepler Capital Remains a Sell on Hapag Lloyd (0RCG)
In a report released on May 27, Axel Styrman from Kepler Capital maintained a Sell rating on Hapag Lloyd (0RCG – Research Report), with a price target of €129.00. The company's shares closed last Tuesday at €154.60. Confident Investing Starts Here: According to TipRanks, Styrman is an analyst with an average return of -6.9% and a 32.50% success rate. Styrman covers the Energy sector, focusing on stocks such as Frontline, Euronav, and Torm. In addition to Kepler Capital , Hapag Lloyd also received a Sell from Barclays's Marco Limite in a report issued yesterday. However, on May 15, Berenberg Bank maintained a Hold rating on Hapag Lloyd (LSE: 0RCG).
