Hamburg port third quarter down 4.9pc to 2.3 million TEU
THE Port of Hamburg's third quarter ??ontainer throughput declined 4
THE Port of Hamburg's third quarter ??ontainer throughput declined 4.9 per cent year on year to 2.3 million TEU, a fall it blamed on the Covid crisis.
The third quarter results show improvement and suggest that the double-digit decrease in turnover has ended. The Port of Hamburg Marketing's (HHM) assessment feels it's a sign of a recovery.
'We have seen a stabilisation in the development of throughput since July and with it a lower overall decrease in seaborne cargo handling in the Port of Hamburg,' said joint CEO of Port of Hamburg Marketing Axel Mattern.
'Reliable supply of goods and raw materials for consumers and industry is ensured even under these difficult economic conditions. The port with its terminals and logistics and service providers as well as its transport connections to the hinterland is fully functional,' said Mr Mattern.
Some 93.2 million tonnes of seaborne cargo were loaded or discharged in the Port of Hamburg's terminals in the first three quarters of the year.
It marked a drop of 10.7 per cent compared to the previous year. General cargo dipped 9.9 per cent to 65.2 million tons, and bulk cargo was down 12.4 per cent to 28 million tons. 6.3 million TEU were handled in the first three quarters.
'The ongoing positive development in container traffic for the USA is surprising in light of the economy, which is suffering from the effects of the pandemic and the decline in demand,' said joint CEO of Port of Hamburg Marketing Ingo Egloff.