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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.

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