Hamburg Sud Heads South As Hapag-Lloyd Builds Brazilian Business Further — Panjiva


Hamburg Sud Heads South As Hapag-Lloyd Builds Brazilian Business Further

Brazil 260 Corp - Ports 661 Corp - Shipping 608 Mode - Containerized 1005 Mode - Seaborne 1273

Container-lines operating services to and from Brazilian ports experienced a slowdown in handling growth in May with a 4% rise on a year earlier vs. 8% for the prior months. That was driven by a 7% slide in export volumes and may worsen in June as a result of port congestion issues. Hapag-Lloyd did best among the majors with a 6% jump. By contrast Hamburg Sud’s has seen a 23% decline in the past three months. Hapag-Lloyd has seen continual growth since January 2017 and set a record in May. That’s been the result of surging volumes from Germany and Singapore and may be the due to a later-...

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