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.
BY OLE ANDERSEN

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.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading