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Hamburg's Q1-3 box volume rises 11.3pc to 5.2m TEU, led by Asia traffic
HAMBURGER Hafen und Logistik's (HHLA's) three terminals at the German port of Hamburg saw their total container throughput rise by 11.3 per cent in the first nine months of the year to 5.2 million TEU, as the port continues to attract services operated by the world's leading shipping alliances.
The high-volume Asian routes contributed the lion's share of container traffic over the January to September period, with volumes up 17.3 per cent year on year. Alongside China - the port of Hamburg's top trading partner - greater trade with Russia saw feeder traffic with the Baltic Sea ports increase 18 per cent, reported IHS Media.
When HHLA's Odessa container terminals are included, the nine-month figure rises to 5.5 million TEU, representing a year-on-year increase of 10.8 per cent. This led to 9.9 per cent revenue growth in the container segment to stand at US$660 million, and propelled the operating result to $123.25 million, up 21.5 per cent compared to EBIT in the same period last year.
HHLA's executive board chairman Angela Titzrath said the terminal operator was on track to achieve the 2017 target forecast, but she also voiced a note of caution.
"Uncertainty remains in the form of the volatile trend in international trade, which has prompted a structural slowdown in growth over recent years and in the conditions at the port of Hamburg. We are still waiting for work to commence on the dredging of the river Elbe," Ms Titzrath said.
Hamburg is confident it can win back market share after a German federal court gave the port conditional approval to deepen the rival Elbe, its 38-mile navigation channel to the North Sea, which will enable 24/7 passage of the largest fully laden container ships that it can currently only handle at high tides.
The number of ultra large container vessels calling at the Hamburg has risen sharply in the past two years. In the first half of 2017, ships with a capacity of 18,000 TEU or above called at the port 54 times - five times more than in the first half of 2015. The number of calls of vessels ranging in size between 14,000 TEU and 17,999 TEU has doubled.
The fierce competition for international container traffic has seen some north Europe ports benefiting more than others from the changing schedules of the new shipping alliances that launched on April 1. Rotterdam was one of the major beneficiaries and posted a 10 per cent increase in container throughput over the first nine months of the year to reach 10.2 million TEU.
The port of Antwerp handled 7.8 million TEU from January to September, representing a year-on-year increase of 3.2 per cent.
Antwerp has slipped further behind Rotterdam, but the Belgian port has widened its lead over Hamburg, which it overtook as Europe's second-largest container hub a few years back.
The high-volume Asian routes contributed the lion's share of container traffic over the January to September period, with volumes up 17.3 per cent year on year. Alongside China - the port of Hamburg's top trading partner - greater trade with Russia saw feeder traffic with the Baltic Sea ports increase 18 per cent, reported IHS Media.
When HHLA's Odessa container terminals are included, the nine-month figure rises to 5.5 million TEU, representing a year-on-year increase of 10.8 per cent. This led to 9.9 per cent revenue growth in the container segment to stand at US$660 million, and propelled the operating result to $123.25 million, up 21.5 per cent compared to EBIT in the same period last year.
HHLA's executive board chairman Angela Titzrath said the terminal operator was on track to achieve the 2017 target forecast, but she also voiced a note of caution.
"Uncertainty remains in the form of the volatile trend in international trade, which has prompted a structural slowdown in growth over recent years and in the conditions at the port of Hamburg. We are still waiting for work to commence on the dredging of the river Elbe," Ms Titzrath said.
Hamburg is confident it can win back market share after a German federal court gave the port conditional approval to deepen the rival Elbe, its 38-mile navigation channel to the North Sea, which will enable 24/7 passage of the largest fully laden container ships that it can currently only handle at high tides.
The number of ultra large container vessels calling at the Hamburg has risen sharply in the past two years. In the first half of 2017, ships with a capacity of 18,000 TEU or above called at the port 54 times - five times more than in the first half of 2015. The number of calls of vessels ranging in size between 14,000 TEU and 17,999 TEU has doubled.
The fierce competition for international container traffic has seen some north Europe ports benefiting more than others from the changing schedules of the new shipping alliances that launched on April 1. Rotterdam was one of the major beneficiaries and posted a 10 per cent increase in container throughput over the first nine months of the year to reach 10.2 million TEU.
The port of Antwerp handled 7.8 million TEU from January to September, representing a year-on-year increase of 3.2 per cent.
Antwerp has slipped further behind Rotterdam, but the Belgian port has widened its lead over Hamburg, which it overtook as Europe's second-largest container hub a few years back.
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