08.11.2016
Hapag-Lloyd AG DE000HLAG475
DGAP-News: Hapag-Lloyd AG: THE Alliance announces plans for its competitive product
DGAP-News: Hapag-Lloyd AG / Key word(s): Alliance
Hapag-Lloyd AG: THE Alliance announces plans for its competitive product
08.11.2016 / 09:03
The issuer is solely responsible for the content of this announcement.
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Hamburg, 8 November 2016
THE Alliance announces plans for its competitive product
31 services covering all East West trade lanes with short transit times /
Fast shuttle services / Dedicated Middle East loop / 240 modern and most
efficient ships / Comprehensive port coverage with over 75 ports in Asia,
North Europe, the Mediterranean, North America and the Middle East
The members of THE Alliance announced today the details of the plan for
their product starting from April 2017. THE Alliance plans to deploy a
fleet of more than 240 modern ships in the Asia/Europe, North Atlantic and
Trans-Pacific trade lanes including the Middle East and the Arabian Gulf/
Red Sea. The start of THE Alliance as the most integrated liner shipping
consortia is scheduled for April 2017 (subject to completion of all
relevant regulatory requirements).
"The product of THE Alliance is a milestone which will significantly
improve the service offering for all shippers on the East West trade
lanes", said the member carriers Hapag-Lloyd, "K"Line, Mitsui O.S.K. Lines,
Nippon Yusen Kaisha and Yang Ming in a statement. The product will be
characterized by fast transit times, a broad port coverage and deployment
of modern and most efficient ships. "Our best ship for the loop principle
and dedicated shuttle service design are the basis for one of the most
competitive products available in the market", the member lines said. The
comprehensive network of 31 services would connect more than 75 major ports
throughout Asia, North Europe, the Mediterranean, North America, Canada,
Mexico, Central America, the Caribbean, Indian Sub Continent and the Middle
East with fast transit times and a wide range of direct port-port-
connections.
The product of THE Alliance will feature eight services in the Asia/Europe
trade including three services covering the important Mediterranean market.
One dedicated service will cater for customers in the Middle East,
connecting the key ports of China, South Korea and South East Asia with
Dammam, Jubail and an Arabian Gulf hub port. 16 joint services will be
operated by THE Alliance members on the Trans Pacific trade. Six loops will
serve the North Atlantic trade covering a wide range of North European and
Mediterranean ports as well as those in the US, Canada and Mexico.
The service network of THE Alliance is expected to cover more than 24 ports
in Asia including ten Chinese and five Japanese ports with direct calls as
well as 20 ports in the US and Canada, six North European and 13
Mediterranean ports, six ports in the Middle East and six ports in Central
America/Caribbean.
Through this robust network, THE Alliance will offer a superior, reliable,
efficient, and wide ranging product suite to shippers in the East/West
lanes. The partners of THE Alliance will keep the market informed about
further steps and the final, more precise service rotations.
About Hapag-Lloyd
With a fleet of 170 modern container ships and a total transport capacity
of 952,000 TEU, Hapag-Lloyd is one of the world's leading liner shipping
companies. The Company has around 9,300 employees at 365 sites in 120
countries. Hapag-Lloyd has a container capacity of 1.5 million TEU -
including one of the largest and most modern fleets of reefer containers. A
total of 128 liner services worldwide ensure fast, reliable connections
between all the continents. Hapag-Lloyd is one of the leading operators in
the Transatlantic, Latin America and Intra-America trades.
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08.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Hapag-Lloyd AG
Ballindamm 25
20095 Hamburg
Germany
Phone: +49 (0) 40 3001 - 2896
Fax: +49 (0) 40 3001 - 72896
E-mail: [email protected]
Internet: www.hapag-lloyd.com
ISIN: DE000HLAG475, USD33048AA36
WKN: HLAG47, A1E8QB
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hanover, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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518277 08.11.2016
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