News / 'Secret' Hamburg Sud accounts reveal reason for sale to Maersk

Hamburg Sud’s entry into the mainstream east – west tradelanes in 2015, principally through its slot charter agreement with Middle East challenger carrier UASC, was “badly timed” according to its CEO.

Speaking at the Maersk Group Capital Markets Day in Copenhagen yesterday, Arnt Vespermann, chief executive of Hamburg Sud, said about the iconic company’s strategy to change its focus from being a north – south liner to a global carrier: “I would say timing wise there was room for improvement”.

Following the ...