Hapag-Lloyd rules out strategic ventures into logistics

Competitors' strategic ventures into logistics, container terminals and air freight haven't prompted Hapag-Lloyd to follow suit. The liner business is and will remain the core unit, and acquisitions are still on the agenda, according to the CEO of Hapag-Lloyd.

Photo: Ulrich Perrey/AP/Ritzau Scanpix

German container carrier Hapag-Lloyd has no plans to make logistics a strategic priority even though the company has bought a stake in the Wilhelmshaven container terminal and is open to additional land-side investments.

While competitors like Maersk and CMA CGM are investing heavily in both land-side activities and air freight, the liner business will remain the focal point of Hapag-Lloyd's business, said CEO Rolf Habben Jansen last Thursday, as he took stock of Hapag-Lloyd's strategy through to 2023 Thursday.

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