The acquisition, said to be worth around $4 billion, will cement Maersk’s position as the world’s largest container line.
Hamburg Süd Group is a global shipping and logistics company based in Germany. Formed in 1871, Hamburg Süd is the world’s eighth-largest container shipping line and is one of the leading carriers in the north-south trades.
20 May 2016
Hamburg Sud will use the platform of Inttra, the U.S.-based shipping electronic marketplace, to ensure compliance with the international container weight regulation that comes into effect on July 1.
20 Apr 2016
Hamburg-Sud’s revenue grew 16.8 percent to 6.1 billion euros ($6.92 billion) in 2015 as Germany’s second-largest ocean carrier reaped the benefits of its acquisition of Chilean container line CCNI and its move into the east-west trade lanes.
05 Apr 2016
The already bleak situation facing the container terminals at Brazil’s port of Santos has become even more dire.
16 Feb 2016
Fifteen leading ocean container carriers, including Maersk Line, Mediterranean Shipping Co. and CMA CGM, have offered to change their practices for setting freight rates to settle an antitrust probe, the European Commission said Tuesday
09 Feb 2016
A dozen tugboats pulled a mega-ship out of the mud of the Elbe River so that it could call at the Port of Hamburg, illustrating the pressure such gargantuan ships place on ports and rescue crews.
09 Feb 2016
A 10 percent increase in traffic at Itapoá port to 512,000 twenty-foot-equivalent units driven by a 25 percent surge in chicken exports to 41,200 containers in 2015 has left Itapoá in dire need of new equipment and more capacity.
30 Jul 2015
The Port of Miami posted double-digit container volume growth in June, a testament to the port’s concerted effort to boost organic growth and preserve business diverted from the U.S. West Coast during the port congestion crisis in late 2014 and early 2015.
21 Jul 2015
Hamburg Sud has returned to the Port of Miami a decade after it left by joining an existing Ocean Three service connecting the U.S. East Coast to China, advancing the German carrier and the port’s effort to attract more Asian import cargo.
26 May 2015
CMA CGM is launching a trans-Atlantic service with Hamburg Sud and United Arab Shipping Co., and enhancing another service after the French carrier shipped 35 percent more volume between the U.S. East Coast and North Europe in the first three months compared to the same period year ago.
04 May 2015
Increasing cooperation between Hamburg Sud and carriers in the Ocean Three Alliance suggests it “seems only a matter of time” before the German container line joins the alliance, Drewry Container Insight said in a speculative commentary this week.
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