Founded 1871 and commenced operating from Hamburg via Lisbon to Bahia, Rio de Janeiro and Santos, later extended to the River Plate. In 1900 an express passenger service direct to the River Plate was opened and the company also ran services to Central America in conjunction with Hamburg America Line as well as a New York to Brazil route. Deprived of it's ships after the end of WWI, the company resumed operating with three cargo schooners until 1921 when they acquired a steamship and then gradually rebuilt their fleet. By the outbreak of WWII the company owned 56 ships, but these were either all lost during the war or confiscated afterwards. Under the terms of the Potsdam Treaty, the company was unable to restart activities until 1951 when they resumed cargo/passenger services to South America. By the mid 1960s the expansion of air travel caused the company to concentrate mostly on cargo ships, some of which carried a few passengers.