ShippingWatch

HHLA faces adversity in Ukraine – still progressed in Q1

The HHLA terminal in Odesa is closed due to the war in Ukraine and has caused a drop in container throughput at the German port operator’s international terminals. However, the company’s business did improve in the first quarter.

HHLA terminal Altenwerder at the Port of Hamburg. | Photo: Jonas Walzberg/AP/Ritzau Scanpix

Russia’s invasion of Ukraine has caused German port company Hamburg Hafen und Logistik (HHLA) to recede by more than 15% in container throughput at the company’s international terminals during the first quarter.

This setback is due to the shutdown of HHLA’s container terminal in Ukrainian port city Odesa, where all activity ceased following Russia’s invasion on Feb. 24, the company writes in a press release.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs