What is Hapag Lloyd?
The Hapag-Lloyd is a German transport sector Cargo container & shipping solutions provider that's a leading star of the Liner Shipping industry. It is operational as a part of the Touristik Union International, which is a German multinational Travel and Tourism Group. The company was setup in 1970 and it was formed by Berenberg Bank, Fritz Albert Haas and H. J. Merck & Company. In the fiscal year 2012, its business is merged between two companies i.e., Albert Ballin Consortium (78%) and TUI AG (22%). The company operates worldwide and offers suitable container types for various cargo comprising general cargo, non-containerized cargo and temperature controlled cargo. Additionally, Hapag-Lloyd's vessels are equipped for the transport of various goods such as cargo with extraordinary/oversize dimensions, reefer cargo and dangerous goods that have to be stowed and transported according to IMO-regulations. This company provides reefer solutions to transport temperature-sensitive products containing perishable cargoes and high value reefer cargoes as like pharmaceutic, health & personal care products and much more. On the other hand, it also deals in customs clearance services, US Flag Services between the United States Government agencies and their contractors, security information services and e-commerce solutions in the shipping industry. Hapag-Lloyd operates fleet consisted of 152 container ships.