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.

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