ShippingWatch

German terminal operator expects steady progress in 2021

Hamburg's leading terminal company, HHLA, saw significant growth in container traffic, in particular, and expects moderate financial growth for the full year.

HHLA is Hamburg's largest port company. | Photo: PR / HHLA / DIetmar Hasenpusch

Hamburger Hafen und Logistik (HHLA), Hamburg's leading terminal company, came out of the first quarter of the year with a 3.9 percent increase in revenue as well as a 26.4 percent increase in operating profit compared to the same period in 2020.

In absolute numbers, the quarter's revenue and operating profit came to EUR 349 million and EUR 46 million, respectively. The total result increased to EUR 21.3 million from EUR 10.1 million in the same period last year.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Argentine port workers strike for access to Covid-19 vaccines

Nine unions representing Argentine port workers have announced a 24-hour strike in protest against the lack of access to coronavirus vaccines. The strike takes place amidst a new coronavirus outbreak in the country, which is a major dry bulk exporter.

Tradelens hopeful that major Maersk rivals will soon be integrated

Hapag-Lloyd and ONE continues to be absent on the digital platform Tradelens even though they announced they would join two years ago. "We are hopeful that they will be joining very soon," says Head of Tradelens Mike White. Hapag-Lloyd expects to make a decision soon.

Further reading

Related articles

Latest news

See all jobs