Forbes magazine said he was among the richest people in the world, with family wealth estimated at about $8 billion. The magazine said he was known as the 'pudding king' in Germany because of his family's traditional involvement in the food business.
His father was an inventor of ready-to-use baking powder, and after the war Oetker diversified the business. In addition to shipping and food — everything frozen pizza to beer and wine and spirits — the company was involved in banking, chemicals and publishing.
Oetker Group first invested in Hamburg Sud in 1936 and took it over in 1955. It became the largest segment of the company's business. AXS Marine says it is the 17th-largest container carrier in the world with a capacity of 204,177 TEU.
With 146 ships, the Hamburg S'd Group offers about 40 regular container liner services linking the continents. It is a leading North-South carrier. Its services connect South America with Europe, North America, the Mediterranean, Asia, South and West Africa.
It also has services connecting Europe with the Mediterranean, India and Pakistan, and services linking Australia-New Zealand and the Pacific Islands with Asia and North America.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now