Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs Germany

Port of Hamburg’s turnover increase 1.7% at 35.4m tons in Q1

byCT Report
25/05/2017
in Germany
Share on FacebookShare on Twitter

HAMBURG: The turnover of the port of Hamburg increased by 1.7% yoy in January-March 2017, amounting to 35.4 million tons. The growth of freight turnover in the first three months was mainly supported by the handling of bulk cargo, registering increase of 6.7% yoy to 12.2 million tons.

For the first time in the port’s history, the mark of 12 million tons in bulk cargo segment has been overcome. The total volume of general cargo decreased in comparison with last year slightly (-0.7%) and amounted to 23.1 million tons, due to a 4.7% drop in import freight traffic (11.2 million tons). In contrast, the transshipment of export general cargo for the reporting period increased by 3.4% to 11.9 million tons.

You might also like

Germany Raises 2020 Growth Forecast Slightly to 1.1%

03/02/2020

A top German carrier picks Huawei to help build its 5G network in potential snub to the US

21/01/2020

The container turnover of the port of Hamburg from January to March also decreased in comparison with last year by 0.7% to 2.2 million TEU. The number of handled laden containers rose by 0.04% to 1.9 million TEU, while the number of empty containers decreased by 4.9% to 0.31 million TEU. The handling of containerized goods at European ports increased by 0.6% to 663 thousand TEU.

The traffic on lines connecting Hamburg with North and South America rose by 6.4% to 311 thousand TEU, while traffic connecting it with Australia and Oceania rose 19.9% to 13 thousand TEU. The container volumes on the lines connecting Hamburg with Africa and Asia decreased by 5.5% (70 thousands TEU) and 3.0% (1.2 million TEU). Thus, container import-export flows from China, a strategically important partner of Hamburg, amounted to 637 thousand TEU, which is 2.0% less than the same period last year.

Nevertheless, as noted in the message, the volume of container cargo on the lines connecting Hamburg with 10 leading trading partners has significantly increased: Russia – by 15.6% (120 thousand TEU), USA – by 5.5% (89 thousand TEU), Malaysia – by 0.4% (76 thousand TEU), Great Britain – by 2.8% (66 thousand TEU) and Sweden – by 4.0% (66 thousand TEU).

The administration of the port expects the restoration of cargo flows, taking into account the approach of vessels floating on more than 100 line services. The port of Hamburg is part of the loop of 10 Asian services of new alliances of container operators – THE Alliance and OCEAN Alliance, as well as two services serviced by 2M. More and more line shipping companies place mega-container carriers on their Asian services, which go to the terminals of Hamburg. In the first quarter of 2017, the number of ship calls of container ships with a capacity of more than 14,000 TEU increased by 61% (74 vessels).

As noted in the administration of the port of Hamburg, for calling at terminals of such large-capacity vessels and improving navigation on the river Elbe, is the project of highest importance. On February 9, 2017, the project was approved by the Federal Administrative Court. According to the judges, the shortcomings of the dredging project, which caused environmental organizations’ concerns, could be eliminated.

The port of Hamburg is the largest port of Germany and the leading port in Europe, where container and bulk cargoes are handled. It occupies a territory of 75 square km and is considered the third largest in Europe (after Rotterdam and Antwerp). The port is located at the mouth of the Elbe River, 100 km from the coast. The port capacities allow receiving and handling dry cargo vessels with deadweight up to 250,000 tons.

Related Stories

Germany Raises 2020 Growth Forecast Slightly to 1.1%

byadmin
03/02/2020

BERLIN: THE German government modestly raised its economic growth forecast for the country this year to 1.1%. Germany's economy, Europe's...

A top German carrier picks Huawei to help build its 5G network in potential snub to the US

byadmin
21/01/2020

Telefonica Deutschland, one of Germany’s top mobile carriers, has picked Huawei and Nokia to build out its 5G network. 5G...

Gold price surges amid geopolitical uncertainty

byadmin
13/01/2020

These are golden days for gold, the precious metal whose very name is a synonym for something special and successful....

India may overtake Germany to become fourth-largest economy in 2026: Report

byadmin
30/12/2019

India is expected to overtake Germany to become fourth-largest economy in 2026 and Japan to become third largest in 2034,...

Next Post

Belgium stocks lower at close of trade; BEL 20 down 0.31%

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.