Both revenue and earnings note declines in the preliminary numbers from Hamburger Hafen und Logistic AG (HHLA). Container flow through the three terminals at the port declined by 12.6 percent from the previous year and came to 6.3 million teu.
One of the largest container ports in Europe, the Port of Hamburg, does not expect growth in 2016. In an interview with ShippingWatch, CEO Axel Mattern points to several elements that are putting pressure on the port. The crisis in the global container industry is just one.
The port's combined volumes declined 4.8 percent in the first nine months of the year. This development was especially caused by the crisis in Russia and China's slowdown in foreign trade, notes Port of Hamburg Marketing in a report.
The Port of Hamburg's combined volumes noted a slight decline in the first six months of the year, in which the container business in particular was hit by the developments in China and Russia. But dry bulk volumes improved, reports Port of Hamburg Marketing.
Hamborg Havns samlede voluminer oplevede et mindre fald i årets første seks måneder, hvor især containerforretningen blev ramt af udviklingen i både Kina og Rusland. Dog gik det frem for tørlast, skriver Port of Hamburg Marketing.
The first three months of the year brought growth for the Port of Hamburg, which handled larger bulk volumes and more containers on the port's rail lines. The best first quarter result ever for the Port of Hamburg.
Russia is Port of Hamburg's second-biggest customer, and the country's downturn will put pressure on the port in 2015. As such, Port of Hamburg is targeting growth in other regions, Ingo Egloff, chairman of the Port of Hamburg Marketing, tells ShippingWatch.