Hamburg Süd hit by slowdown in Latin American key market

Family-owned container carrier Hamburg Süd, now among the global Top 10, was hit by the economic downturn on the carrier's key markets in Brazil, Argentina and Venezuela.

The family-owned (Oetker Group) container carrier Hamburg Süd, which in 2014 entered the global Top 10, was hit by the economic slowdown on the carrier's Latin American key markets last year, even though the German carrier with its Brazilian subsidiary increased its total cargo volumes by two percent, to 3.4 million teu, according to a financial statement published Thursday by the carrier, which is otherwise sparse about financial information.

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