Logistics

Weak freight market causes pessimism among Hamburg forwarders

Higher ocean freight rates in the first quarter could not prevent pessimism from spreading among Hamburg shippers. A majority expect worse times in the freight market, according to media reports.
Cargo volumes fell at the Port of Hamburg in the first quarter, and the city's freight forwarders have a gloomy outlook for the freight market. | Photo: Marcus Brandt/AP/Ritzau Scanpix
Cargo volumes fell at the Port of Hamburg in the first quarter, and the city's freight forwarders have a gloomy outlook for the freight market. | Photo: Marcus Brandt/AP/Ritzau Scanpix
by JENS THOMSEN

Declining freight volumes in the first quarter of the year are spreading pessimism among a majority of Hamburg’s freight forwarders, according to a survey conducted by the freight forwarders’ association Vereins Hamburger Spediteure (VHSp) among its member companies.

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