Hamburg Booms Through Ukraine Crisis


Despite the recent crisis in Russia and Ukraine, and a slowdown in the global economy, the Port of Hamburg has recorded an increase in its revenue and container throughput.

According to World Maritime News, the port recorded a 10% increase in its revenue to US$192 million.

Preliminary figures show that Hamburger Hafen Logistik AG (HHLA) – a company that operates three container terminals at the Port of Hamburg – generated revenue of approximately $1.36bn in 2014.

Container throughput at the three container terminals increased to 7.2 million TEU, a 1.2% increase compared to 2013.

This rise was not enough to fully offset the drop in throughput at the Container Terminal Odessa in Ukraine which was caused by the ramifications of recent political events.

However, HHLA’s intermodal companies’ transport volume in European seaport-hinterland traffic increased significantly by 9.4% to 1.3 million TEU.

(Source: Port of Hamburg)

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