RUSSIA has become the Port of Hamburg's second largest trading partner following its WTO accession in relation to container traffic.
The Port of Hamburg and Russian ports recorded total bilateral trade of 675,000 TEU in 2012, up 13.3 per cent compared to the previous year.
The growing trade between the two nations has also been credited to the simplifications in commercial law and the dismantling of trade barriers as a result of Russia's WTO entry.
"We're particularly pleased that Hamburg managed to raise its share of container traffic in St Petersburg to 25.3 per cent last year. That's 1.6 percentage points more than in 2011, which indicates enlarged market share within the North Range ports for this route," says Axel Mattern, executive board member of Port of Hamburg Marketing.
Just under 95 per cent of the total direct traffic between Russia and Hamburg is handled through St Petersburg. "This Russian Baltic Sea port itself handled 2.53 million TEU in 2012, up 6.7 per cent year-on-year. In addition, ships sailing from Hamburg visited the Russian Baltic Sea ports of Kaliningrad and Ust-Luga, as well as Archangel and Murmansk.
The main goods exported from Russia in seaborne container traffic via Hamburg include hard coal, Diesel oil, crude oil, paper, copper and chemical substances. Imports to Russia predominantly comprise meat, motor vehicles, fruit preserves, electrical appliances and paper.
PORTS
03 March 2013 - 17:16
Hamburg's Russian boxes up 13pc in 2012, becomes 2nd trading partner
RUSSIA has become the Port of Hamburg's second largest trading partner following its WTO accession in relation to container traffic.
PORTS
03 March 2013 - 17:16
Hamburg's Russian boxes up 13pc in 2012, becomes 2nd trading partner
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