Hamburg's largest terminal operator warns of steep decline in 2020

Hamburger Hafen und Logistik AG finished 2019 with results on the rise, but the improvements will be replaced by a major decrease in earnings due to the coronavirus. The Port of Hamburg offers aid to the industry.

Photo: PR / HHLA / DIetmar Hasenpusch

The biggest terminal company in Hamburg, Hamburger Hafen und Logistik AG (HHLA), saw a rise in both revenue and its operating result last year.

But things will by no means continue like this in 2020, as the coronavirus is curbing developments, the company predicts in a statement.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

3i buys AMP out of Esvagt

Private equity firm 3i, which owns half of carrier Esvagt, has agreed with the company's second owner, AMP Capital, to take over all of Esvagt for GBP 268 million, making 3i the sole owner. The transaction is expected to close in the first quarter of 2022.

Further reading

Related articles

Latest news

See all jobs