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Hamburg's quarterly volume down 2.5pc, hit by falling China, Russia trade
THE Port of Hamburg in the first quarter handled a total of 34.8 million tons of cargo, down 2.5 per cent compared to the same period a year earlier.
Contributing to the total was container throughput at 2.2 million TEU, down 3.4 per cent year on year,
Bulk cargo throughput at 11.5 million tons was down 1.9 per cent and general cargo throughput at 23.3 million tons, down 2.7 per cent.
The lower total cargo throughput was attributed to a decline in container traffic with China, Hamburg's biggest trading partner.
Down eight per cent at 651,000 TEU, container traffic with China was 57,000 TEU lower than in the previous year.
Some sailings on container liner services on the East Asia trade route were also cancelled during the first quarter owing to cargo space over-capacity, and the complete withdrawal of one service.
"Taken together, the downturns for the top three trading partners, China (down eight per cent), Singapore (down 7.6 per cent) and Russia (down 4.9 per cent) constituted the main factor affecting our result on container handling," said CEO of port of Hamburg Marketing (HHM) Axel Mattern.
"We saw the onset of stabilisation occurring during the first quarter and are assuming that the volume downturn in container traffic with China and Russia has bottomed out, with both countries remaining core markets for the port of Hamburg," Mr Mattern said.
During the first quarter, 11.6 million tons of freight was transported by rail into or out of the port, an increase of 1.3 per cent. The HHLA Container Terminal Altenwerder is expanding its largest rail container terminal in Europe by adding 140,000 TEU in capacity to bring the total to 930,000 TEU.
In mid-June a port business delegation including representatives of BUSS Port Logistics, Brunsbuttel Ports, TCO Transcargo and HPA Hamburg Port Authority will be visiting Ningbo, Tianjin and Beijing to hold discussions with Chinese import and export companies, Chinese ports and transport companies, as well as trade associations and government agencies.
In Shanghai, the members of the port of Hamburg delegation will be running a logistics workshop for their Chinese port customers and partners.
Contributing to the total was container throughput at 2.2 million TEU, down 3.4 per cent year on year,
Bulk cargo throughput at 11.5 million tons was down 1.9 per cent and general cargo throughput at 23.3 million tons, down 2.7 per cent.
The lower total cargo throughput was attributed to a decline in container traffic with China, Hamburg's biggest trading partner.
Down eight per cent at 651,000 TEU, container traffic with China was 57,000 TEU lower than in the previous year.
Some sailings on container liner services on the East Asia trade route were also cancelled during the first quarter owing to cargo space over-capacity, and the complete withdrawal of one service.
"Taken together, the downturns for the top three trading partners, China (down eight per cent), Singapore (down 7.6 per cent) and Russia (down 4.9 per cent) constituted the main factor affecting our result on container handling," said CEO of port of Hamburg Marketing (HHM) Axel Mattern.
"We saw the onset of stabilisation occurring during the first quarter and are assuming that the volume downturn in container traffic with China and Russia has bottomed out, with both countries remaining core markets for the port of Hamburg," Mr Mattern said.
During the first quarter, 11.6 million tons of freight was transported by rail into or out of the port, an increase of 1.3 per cent. The HHLA Container Terminal Altenwerder is expanding its largest rail container terminal in Europe by adding 140,000 TEU in capacity to bring the total to 930,000 TEU.
In mid-June a port business delegation including representatives of BUSS Port Logistics, Brunsbuttel Ports, TCO Transcargo and HPA Hamburg Port Authority will be visiting Ningbo, Tianjin and Beijing to hold discussions with Chinese import and export companies, Chinese ports and transport companies, as well as trade associations and government agencies.
In Shanghai, the members of the port of Hamburg delegation will be running a logistics workshop for their Chinese port customers and partners.
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