Germany

22 Apr 2014
The planned merger of Germany’s Hapag-Lloyd and Compañia Sud Americana de Vapores (CSAV) moved closer after shareholders controlling just 2.7 percent of the Chilean company’s stock voted against the deal that will create the world’s fourth-largest ocean container carrier.
Michael Behrendt, chairman of the executive board of Hapag-Lloyd (left), and Oscar Hasbún, CEO of CSAV, today at Hapag-Lloyd headquarters in Hamburg after the signing.
16 Apr 2014
Hapag-Lloyd and CSAV signed a binding contract to complete a merger to create the world’s fourth-largest container line.
10 Apr 2014
Lufthansa Cargo carried 2.6 percent less freight in March compared with a year ago, but it said the global market shows some signs of recovery as it posted higher revenue and an improved load factor.
10 Apr 2014
HSH Nordbank, the world’s largest ship financier, today announced its net loss soared to €814 million ($1.1 billion) in 2013 from €124 million ($172.4 million) in 2012, and said it doesn’t expect the global shipping market to recover before 2015 at the earliest.
07 Apr 2014
Scandlines, the Danish-German ferry operator, posted a 5.5 percent decline in operating profit last year as increased freight volume was offset by lower passenger and auto traffic.
On panel at right: CEO Frank Appel
03 Apr 2014
Deutsche Post forecast its operating profit will top €5 billion ($6.9 billion) by 2020, driven by double-digit growth at its core DHL logistics unit and an accelerating shift towards fast-growing emerging markets.
Hamburg Süd container in Brazil
01 Apr 2014
Hamburg Süd’s revenue declined 3.9 percent in 2013 on subdued demand in its key South American market, falling freight rates and a weaker US dollar.
01 Apr 2014
MPC Group and Thien & Heyenga, the leading German ship management companies, have taken over the financially troubled Ahrenkiel Group in the latest consolidation in the nation’s crisis-ridden charter shipping sector.
U.S. containerized imports of auto parts in the fourth quarter rose 1.0 percent year-over-year.
01 Apr 2014
Containerized auto parts imported through U.S. ports reached 205,139 TEUs in the fourth quarter of 2013, increasing 1.0 percent year-over-year, according to PIERS, the data division of JOC Group.
Lufthansa Cargo plane
31 Mar 2014
Lufthansa Cargo’s services face severe disruption beginning tomorrow as pilots across the German airline stage a three-day strike.
28 Mar 2014
HHLA, the port of Hamburg’s largest container handler, warned the crisis in Ukraine threatens to slow its important Russian feeder traffic and impact this year’s financial performance.

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