Saudi Press

Saudi Arabia and the world
Sunday, Jun 01, 2025

Shipping giant Hapag-Lloyd 'fully operational' after Beirut port blast

Shipping giant Hapag-Lloyd 'fully operational' after Beirut port blast

Insurers still waiting for investigation report to classify compensation, says CEO of TSS, the exclusive agent in Lebanon

Twenty minutes were enough to save the lives of Hapag-Lloyd’s employees, but not the container carrier’s offices which were completely destroyed by the Beirut Port explosion on August 4.

The employees had left the container station just minutes before the blast and were not injured, but offices located in Gemmayzeh, within 200m of the blast site were devastated.

"Thankfully no one in our team got injured,” Gilbert Khoury, CEO of Tourism & Shipping Services (TSS) told Arabian Business.

Shipping companies were the most affected by the explosion, as their operations had been disrupted after being forced to divert vessels from the heavily damaged port, with damage estimated at $345 million and losses at $710 million.

Several operators said their Beirut offices were heavily damaged or destroyed in the shock wave that rolled across the busy port area.

TSS is Lebanon's exclusive agent for Hapag-Lloyd, one of the world's top five shipping and container transport companies.

Khoury said: “Like the Beirut port, we are now fully operational at normal capacity and pace, after we have finished repairing our offices in Gemmayzeh.”

Hapag-Lloyd had no ships in Beirut port at the time, but all laden and empty containers were destroyed, and one vessel was diverted to Damietta, Egypt.



Speaking to Arabian Business, Khoury added: “The Beirut port had limited damage to the container terminal, hence our containers were relatively unharmed. Only those within the blast close to the perimeter were completely destroyed.”

"In the days following the blast, we set up an active recovery plan, cleaned up the mess and debris while operating remotely from our homes to assist clients in early stages and avoid any gap period between customers and our services.”

The German shipping line, which has significant operations in Lebanon, acted quickly to maintain the supply of primary necessities to the country, he said.

On compensation for damage to facilities destroyed by the blast, Khoury said: “Insurance companies are still waiting for the results of formal investigations to assess the cause of the explosion to classify the blast and eventually compensation. So far, nothing has been done.”

For insurance companies, it makes a huge difference whether the blast was a premeditated accident. If, for example, the insurance policy excludes accidents resulting from bombs, chemicals, dangerous materials or act of war or terrorist acts, companies will not cover the cost of material damages.

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
Michael Jordan to Serve as Analyst for NBA Games
×