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Hamburg Sud's container volumes in 2015 up 21.5pc to 4.1 million TEU
HAMBURG SUD increased its total revenue by 16.8 per cent to EUR6.058 million (US$6.845 million) on the back of its successful takeover and integration of the container operations of Chilean shipping company, Compania Chilena de Navegacion Interoceanica (CCNI).
Shipment volume in the liner business rose by 21.5 per cent to 4.1 million TEU despite the weakness of the South American economies, especially Brazil, Argentina and Venezuela.
A fleet capacity of 625,000 TEU, up 16 per cent year on year, propelled the company into the ranks of the 10 largest container shipping lines worldwide for the first time.
Due to global overcapacity, freight rates decreased by 16 per cent. Bulk shipping was also characteris ed by very difficult market conditions due mainly to China's lower raw material imports, demand for shipping space remained static while global fleet growth rose once again on the previous year. As a result, the revenue generated fell sharply.
Shipment volume in the liner business rose by 21.5 per cent to 4.1 million TEU despite the weakness of the South American economies, especially Brazil, Argentina and Venezuela.
A fleet capacity of 625,000 TEU, up 16 per cent year on year, propelled the company into the ranks of the 10 largest container shipping lines worldwide for the first time.
Due to global overcapacity, freight rates decreased by 16 per cent. Bulk shipping was also characteris ed by very difficult market conditions due mainly to China's lower raw material imports, demand for shipping space remained static while global fleet growth rose once again on the previous year. As a result, the revenue generated fell sharply.
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