Sign up to the Port Tech Daily News for free to keep up to date with the latest industry news

Hamburg Booms Through Ukraine Crisis

Twitter
Facebook
LinkedIn
Email

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)

Want to stay up to date with the latest industry news? Sign up to the Port Tech Daily News and receive stories like this directly to your inbox for free.

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.