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Hamburg Enjoys Inland Cargo Traffic Jump
The Port of Hamburg, Germany’s largest universal port, saw its inland and hinterland cargo traffic grow by 12.1% – 2.57 million tons – in the first quarter of 2019, according to its latest financial results. The data also shows that, for the first quarter of 2019, the Port has handled 34,640 TEU – 20ft standard containers – an increase of 20% in comparison with the same period last year.
Hapag-Lloyd Operating Profit Rises 32 Percent
Container shipping firm Hapag-Lloyd said volume growth and a modest recovery in freight rates in the second half of 2018 helped push operating profit 32 percent higher, lifting shares in the German group on Monday.
HHLA exceeds strong previous year’s result
According to preliminary unaudited figures, Hamburger Hafen und Logistik AG (HHLA) increased its Group revenue by 3 percent to € 1.29 billion in the 2018 financial year (previous year: € 1.25 billion). The Group’s operating result (EBIT) of € 204 million (previous year: € 173 million) represents an increase of 18 percent. The listed Port Logistics subgroup generated revenue of € 1.26 billion (previous year: € 1.22 billion) and an operating result (EBIT) of € 188 million (previous year: € 157 million, that include one-off expenses of approximately € 25 million for organisational restructuring and for the harmonisation of the existing pension schemes). In total, 7.3 million standard containers (TEU) were handled at HHLA’s container terminals in the 2018 financial year. Compared to 7.2 million TEU in the previous year, this equates to an increase of 1.9 percent. Container throughput at the three container terminals in Hamburg remained at the high level achieved in the previous year, while throughput at the international HHLA container terminals in Odessa (Ukraine) and Tallinn (Estonia) increased. Estonia’s largest terminal operator, TK Estonia, has been successfully integrated into the HHLA Group following its acquisition last year.News schreiben