Port of Hamburg hit by Russian downturn

The port's combined volumes declined 4.8 percent in the first nine months of the year. This development was especially caused by the crisis in Russia and China's slowdown in foreign trade, notes Port of Hamburg Marketing in a report.

Photo: Michael Lindner/Port of Hamburg Marketing

The Port of Hamburg handled a total of 104.6 million tons cargo in the first nine months of the year.

This represents a 4.8 percent slide in the ports combined freight volumes compared to the same period 2014, and also marks the continuation of a development that has plagued Germany's Gateway to Europe throughout 2015 and since the beginning of the geopolitical crisis centered on Russia.

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