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Hapag-Lloyd scales back size of planned IPO

JOCMaritime NewsContainer LinesHapag-Lloyd

JOC Staff | Oct 14, 2015 3:37PM EDT

Hapag-Lloyd is scaling back plans for its initial public offering, and now plans to seek $300 million instead of the $500 million as it had previously announced.

The world’s fifth-largest carrier by container-carrying capacity is one of several German companies that have had to scale back their capital-raising efforts in an uncertain financial market.

The company’s two largest shareholders, CSAV with a 34 percent stake and Kuhne Maritime with 21 percent, will reduce their shares in the IPO to $30 million apiece from the previously planned $50 million.

To compensate for the lower expected capital from the IPO, Hapag-Lloyd also plans to obtain a $125 million loan from Berenberg, Deutsche Bank and Goldman Sachs.

Hapag-Lloyd said it expects the IPO to begin trading on Oct. 30, following an offer period extending from Oct. 15 to Oct. 17. The anticipated share price is 23 to 29 euros per share ($26-$33).

Hapag-Lloyd will announce its third-quarter earnings Nov. 11. The company in the first half posted an operating profit of 267.7 million euros, compared with a loss of 101.5 million euros a year earlier. Net profit for the six months was 157.2 million euros, compared with a 173.3 million-euros loss in the first half of 2014.

The bulk of the IPO proceeds are expected to fund a down payment on an order for several large container ships. The new vessels will mark a major investment for Hapag-Lloyd, whose largest ships have a capacity of around 14,000 twenty-foot-equivalent units.

Hapag-Lloyd is considering orders for a limited number of 18,000-TEU vessels but no decision has yet been made, CEO Habben Jensen said at the JOC’s Europe Container Trade conference in Hamburg in September.

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While "Flavor" is very subjective, and each country that grows mangoes is very nationalistic, these are the mango varieties that are the most sought after around the world because of sweetnesss (Brix) and demand.

The Chaunsa has a Brix rating in the 22 degree level which is unheard of!
Carabao claims to be the sweetest mango in the world and was able to register this in the Guiness book of world records.
Perhaps it is time for a GLOBAL taste test ???

In alphabetical order by Country....



Alphonso (mango)
From Wikipedia, the free encyclopedia

Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 

It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

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7 Medicinal Properties Of Mango Leaves That You Aren’t Aware Of!

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Many of us know how delicious mangoes are!

Basically, mangoes are very nutritious and healthy to eat regularly, where not only just kids but also adults love to eat. These mangoes are only found in the large areas of India and it is said to be the hub of mangoes where huge quantities of mangoes are exported from this country to all the countries.

When we look into mango leaves­ they’re basically like the all other leaves i.e. green in color.
 At first they’re reddish in color and as they grow­ they turn into dark greenish color.

Mango leaves are rich in:
Vitamin A
Vitamin B
Vitamin C
Also rich in flavonoids and phenols
Have powerful antioxidant properties

These were just the qualities of these leaves­ now we’ll understand about the importance of these leaves and the medical impact on the human body.

1. Diabetes

These leaves are rich in tannins called anthocyanidins­ useful for treating diabetes in the early stage.
The method of using these leaves is simple­ first w…