Hamburg Q1 Throughput Suffers, But Port Has Faith ‘Things Will Pick Up’

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