Ports

2023 was a gut-punch for Hamburg's top terminal operator

Declining freight volumes dragged down HHLA’s business considerably last year – just as MSC is entering as a major shareholder.
The Port of Hamburg's largest terminal operator, HHLA, was hit by declining freight volumes in 2023. Management points to Russia's war in Ukraine as a major cause. | Photo: Fabian Bimmer/Reuters/Ritzau Scanpix
The Port of Hamburg's largest terminal operator, HHLA, was hit by declining freight volumes in 2023. Management points to Russia's war in Ukraine as a major cause. | Photo: Fabian Bimmer/Reuters/Ritzau Scanpix
by JENS THOMSEN

Sliding freight volumes dealt the port company Hamburger Hafen und Logistik (HHLA), the Port of Hamburg’s largest terminal operator, a serious blow last year.

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