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Hamburg Süd calls 2011 'challenging year'

Tuesday, April 17, 2012

Hamburg Süd, which also owns the Brazilian shipping company Aliança, said overall its liner business "was not satisfactory in 2011," despite an increase in revenue of 6 percent to 4.2 billion euros ($5.5 billion). The German liner company, which is privately owned and doesn't release profit/loss information, said increases in the cost of fuel and services such as terminal handing and inland transportation "were well in excess of the gain in revenue. As a consequence...

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