2005 Results from Hamburg Süd Group

Wednesday, April 26, 2006
Hamburg (ots) - Hamburg Süd and its sister company Aliança Navegação é Logística Ltda. & Cia. saw its cargo volume in the liner services increase by 10 percent to over 1.5 million TEU. In parallel, the average container inventory for the year rose by just under 10 per cent to 204,000 units. The slot capacity of the deployed fleet offered in the liner services grew by 17 per cent to 198,600 TEU (2004: 169,000 TEU). At the end of 2005 the fleet comprised 146 units (2004: 141), including 56 tramp ships (2004: 59). The fleet owned by the Group rose to 27 vessels with the addition of three further vessels of the "Monte" class. The turnover of the Hamburg Süd Group rose by 19 per cent on 2004, $3.77b. Of this, $3b (82 per cent) was attributable to the liner division, up EUR 503 million on the previous year due to the positive developments in volume and rates. Turnover in the tramp division, in contrast, $563m (15 per cent of total turnover), was $60m below the previous year's level, a material factor here being, among other things, falling earnings in the second half of the year. Overall in 2005, Hamburg Süd and Aliança turned in a respectable performance which exceeded that of the previous year. At $481m, investment volume in 2005 reached the highest level in the history of the Hamburg Süd Group. This is equivalent to an increase of 28 per cent in comparison with the previous year.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Deep Sea Supply takes Delivery of 'Sea Triumph'

The Deep Sea Supply  took delivery of the newbuilding Platform Supply Vessel 'Sea Triumph'  on Thursday 18 September.  The vessels 'Sea Triumph' is a STX 05-L

Chevron To Find Buyers for Hawaiian Refinery

Chevron Corp has hired an investment bank to identify potential buyers of its 54,000 barrel-a-day refinery in Kapolei on the Hawaiian island of Oahu, a company official said.

Colombia's Ecopetrol Sees Recovery in 2015

Colombia's top energy company Ecopetrol is targeting production of 1 million barrels of oil equivalent per day in 2015, a steep recovery over this year, clouded

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1363 sec (7 req/sec)