Maersk Line sailed to a half a billion profit in 2017, but earnings were dragged down by the cyber attack and rising unit costs.
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.
31 Jan 2018
Hamburg Süd has withdrawn from a vessel-sharing agreement on the Asia-west coast of South America routes and will offer new services on the fast-growing trade.
06 Dec 2017
Latin America leads Maersk's trade lanes in terms of capacity following the completion of the Hamburg Süd takeover, but rising demand is making the routes even more competitive.
08 Nov 2017
25 Sep 2017
Brazilian regulators cleared the final hurdle for Maersk Line's $4.3 million acquisition of Hamburg Süd.
31 Aug 2017
The MESA service between the east coast South America and the Mediterranean operates weekly and will have northbound and southbound calls.
21 Jun 2017
Germany’s second-largest container carrier after Hapag-Lloyd boosted traffic by 7.2 percent.
13 Jun 2017
French carrier CMA CGM declared Tuesday that it will buy Brazilian flag carrier Mercosul Line from Maersk Line.
28 Apr 2017
The cost of the takeover was revealed for the first time.
10 Apr 2017
The acquisition, said to be worth around $4 billion, will cement Maersk’s position as the world’s largest container line.
07 Apr 2017
Whoever wins the bidding would gain access to a Brazilian flag, which would allow them to operate along the Brazilian and Mercosur coastline.
22 Mar 2017
The decision on the deal, said to be worth around $4 billion, was due on March 27.
15 Mar 2017
The European Union’s competition authority is due to decide by March 27 whether to clear the acquisition.
13 Feb 2017
Maersk Line and MSC have expanded their Asia-North Europe and trans-Pacific services to accommodate the volumes from a slot deal signed with HMM and Hamburg Süd.
06 Feb 2017
The deal takes effect April 1 along with the reordering of global shipping alliances.
07 Dec 2016
Maersk Line’s acquisition of Hamburg Sud will likely force it to sell its Brazilian flag operation Mercosul Line, which could open the door to CMA CGM or Mediterranean Shipping Co. to enter the closed Brazilian coastal shipping market.
01 Dec 2016
Maersk Line ended weeks of speculation with an announcement that it had reached an agreement to buy Hamburg Süd.
30 Nov 2016
A sale of Hambürg Sud would end a year of intense consolidation in the liner shipping industry, with Maersk Line and now CMA CGM reportedly interested in buying the German carrier.
28 Nov 2016
A sale of the German liner by the Oetker conglomerate would accelerate the consolidation that has significantly reshaped the financially troubled industry this year.
07 Jul 2016
“The commitments aim to increase price transparency for customers and to reduce the likelihood of coordinating prices,” the European Commission said.
09 Jun 2016
In what is possibly the most counter-intuitive development so far in this year’s unconventional trans-Pacific peak-shipping season, carriers have announced the suspension of two Asia-U.S. services.
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.