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Hamburg Sud increased turnover in 2015
In a challenging year, the Hamburg Süd Group succeeded in significantly increasing its total turnover by 16.8 percent to 6,058 million Euro. The main drivers were the successful takeover and integration of the container operations of the Chilean shipping company Compañía Chilena de Navegación Interoceánica S.A. (CCNI) in late March 2015 as well as the entry into the East–West trade lanes.
Shipment volume in the liner business rose sharply on the previous year, by 21.5 percent to 4.101 million TEU (1 TEU = 20' standard container). Despite the weakness of the South American economies (especially Brazil, Argentina, and Venezuela), this made it possible to meet the volume growth planned for the reporting year. A fleet capacity of 625,000 TEU (+16 percent year on year) propelled the Hamburg Süd Group into the ranks of the ten largest container shipping lines worldwide for the first time.
Outlook for 2016
Following the significant growth of shipment volume in liner shipping in the past fiscal year, Hamburg Süd anticipates a further significant, albeit more moderate increase in carryings of some 8 percent for 2016 compared to the previous year.