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Hamburg Süd's new acquisition lost USD 16 million in 1st half of 2014

Latin American CCNI, which will be acquired by Hamburg Süd by the end of the year, saw its deficit grow during 2014.

Hamburg Süd's latest acquisition, Latin American CCNI, continued to lose money in 2014. The carrier finished the 2nd quarter with a net deficit of USD 7.8 million, and thus suffered a total loss of USD 16.2 million in the first half of the year, according to Alphaliner.

The deficit has grown compared to the same period last year, a development that is attributed to low rates on the Latin American routes, with an average decline of 17 percent on the services between the Far East and South America in the first half of 2014.

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