Port of Hamburg hit by Russian crisis

The economic crisis in Russia and Ukraine takes a toll on the Port of Hamburg, as container volumes are declining significanlty. Slight increase in operations, according to the interim report.

Photo: Hamborg Havn

Port of Hamburg remains under pressure from the economic crisis in Russia, which especially hurts the port's container business, according to the first half-year interim report from Hamburger Hafen und Logistik Aktiegesellschaft (HHLA), which handles operation of the port.

The number of handled containers at the terminals in Hamburg and Odessa in Ukraine fell by 10 percent compared to the same period last year, notes HHLA. The pressure especially comes from a significant plunge in feeder traffic for the ports in the Baltic region where several carriers have redirected their routes.

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