Hamburg Süd And Aliança Register 1% Rise In Transport Volumes
News: Germany-based shipping company Hamburg Süd along with its Brazilian subsidiary Aliança registered a 1% year-on-year rise in transport volumes in liner services to about 3.3mn twenty-foot equivalent units (TEUs) in 2013, reports World Maritime News. The modest increase was attributed to restrained market growth and operational difficulties at overstretched Brazilian ports. The company reported a 3.9% fall in total revenues to EUR5.3bn (US$7.3bn) for the year. Its investments stood at EUR450mn (US$620mn) in the same period, compared with EUR247mn (US$340mn) in 2012. The investments were primarily directed towards instalments and final payments for 12 9,000TEU/9,600TEU vessels and four smaller 3,800TEU newbuilds.