ShippingWatch

HHLA's result drops 50 percent in tough first half

Hamburg's largest terminal company HHLA saw its operating result halved in the first half-year. Chairwoman expects gradual improvement throughout the second half of the year.

Photo: PR / HHLA / DIetmar Hasenpusch

The largest terminal company in the Port of Hamburg, HHLA, was severely affected by the coronavirus outbreak and the subsequent global economic slump in the first half of 2020.

For the first half-year, the operating result for the group, which also owns real estate, dropped 51.5 percent to EUR 55.5 million, while revenue dropped 9.4 percent to EUR 628.4 million.

Read the whole article

Get 14 days free access.
No credit card required.

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

For Coca-Cola, chartering vessels is by no means a foreign concept

It made a splash when a Coca-Cola exec recently informed that the company had chartered three dry bulk vessels as a result of the strained supply chains. It's a frequently used method, the company tells ShippingWatch. Nike expects shortages of products in coming quarters.

Further reading

Related articles

Trial banner

Latest news

See all jobs