“The commitments aim to increase price transparency for customers and to reduce the likelihood of coordinating prices,” the European Commission said.
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.
26 Apr 2015
German container line Hamburg Süd, traditional a north-south carrier, is putting volume growth in the major east-west trades at the top of its agenda this year.
23 Apr 2015
Hamburg Sud remained in the black in 2014 even as falling freight rates on its key South American routes and a weaker dollar depressed revenues.
07 Apr 2015
Hamburg Süd led the container shipping industry in on-time service in February, putting an end to Maersk Line’s six-month hold on the top spot, according to SeaIntel Maritime Analysis.
18 Feb 2015
Hamburg Sud said it expects to seal the acquisition of the container shipping operations of Compania Chilena de Navegacion Interoceanica by the end of March.
16 Feb 2015
The European Shippers’ Council urged competition regulators to step up monitoring of deals like the increased collaboration between CMA CGM and Hamburg-Sud, which “will make sure the container liner market will be one step closer to total convergence.”
05 Feb 2015
CMA CGM and Hamburg Sud are expanding their current cooperation agreement to several additional liner trade routes in the latest consolidation of global container networks.
27 Jan 2015
United Arab Shipping Co. has ordered 2,000 reefer containers as it prepares to expand into the South American liner trades.
16 Jan 2015
Hapag-Lloyd will concentrate on integrating CSAV, the Chilean carrier it merged with in December, and returning to profitability, before proceeding with an initial public offering, the chief executive of Germany’s biggest container shipping line said.
19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
12 Dec 2014
Carriers announced GRIs this week for several major trade lanes, all effective on Jan. 15. Spot rates on Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, has dropped 23.5 percent in the five weeks since Nov. 6.
09 Dec 2014
Both Maersk Line and Hamburg Sud received top marks as the most reliable container carriers in the third quarter, Drewry's Carrier Performance Insight shows, as industry-wide reliability began to recover in October.