May 18, 2020
Germany’s largest port, Hamburg, saw throughput at its container terminals in the first quarter decline 6.6% decline, year on year, to 2.2m teu.
However, there could be worse to come in quarter two as a result of consumer lockdowns in Europe and the subsequent plunge in transhipment cargo for the Baltic.
Trade with China accounted for around a quarter of Hamburg’s 9.3m teu last year, so volume was particularly impacted by the coronavirus outbreak and extended new year holiday lockdown in the Asian manufacturing powerhouse.
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Source: The Load Star