News / More cost-cutting needed after 2013 fall in revenue, says Hamburg Süd parent

18/06/2014

Hamburg Süd’s owner says the north-south container shipping line needs to cut more costs after a 3.9% decline in revenue last year.

The Oetker Group attributed the 2013 result to falling freight rates and a 4% devaluation of the dollar against the euro.

The family-run concern that ...

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