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TURKISH SHIPPING » MARKETS

 
Hamburg Süd defies crisis
Tuesday, 04.20.2010, 01:57pm

Hamburg Süd, too, was gripped by the world economic and shipping crisis. At 2.3 billion TEU, shipment volume in the liner business was 13 per cent down on the previous year and freight rates dropped significantly. Turnover consequently fell 28 per cent to 3.2 billion euros compared with 2008.

 




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News in Pictures

British and Spanish authorities tried to save a bulk carrier which hit rocks on Gibraltar's southern tip Friday as storms hammered the British colony, local officials said.

The Liberian-registered Fedra was dragging her anchor in a force 8 gale Friday afternoon. Despite the efforts of two tug boats to hold the ship clear of land, its anchor broke and the stern of the 35,000 tonne vessel smashed against rocks at Europa Point -- Europe's most southerly spot.

Local officials said they did not immediately know the condition of the ship or what it was carrying.

A Gibraltarian rescue helicopter hovered overhead, trying to rescue the 31 crew, as winds of around 70 miles an hour battered the British territory and the southern Spanish coast.

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Hamburg Süd defies crisis

 
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