Hamburg Sud's Cap Preston in Seattle
The loss is “lower than those of all other shipping lines we know of,” because Hamburg-Sud refused to accept freight rates that didn’t cover operating costs, the company’s CEO told the Hamburger Abendblatt newspaper. … Hamburg-Sud did not receive any outside aid, he said. Hamburg-Sud is due to take delivery of 12 containerships through 2012, of which 10 have a capacity of 7,000 TEUs and will be deployed on South American routes. Hamburg-Sud is the world’s sixteenth largest carrier with a fleet of 104 owned and chartered ships with a combined capacity of 310,477 TEUs and a 2.3 percent market share.