Hamburg Port Reports Growth of 6.9pct

BY Tiya Chatterji 21.Nov.2019

The Port of Hamburg, Germany’s largest universal port; wrapped up the first three quarters of this year with a container throughput of 7 million TEUs, representing a growth of 6.9 percent.

After an initially modest start at the beginning of the year, container throughput picked up during the second half, achieving a 1.0 percent advance over twelve months to 8.9 million TEU. At 91.7 million tons, total containerized cargo volume rose by 1.2 percent. The increase is primarily attributable to the four new transatlantic services and four new Baltic feeder services.

Since the commencement of the year, the new transatlantic services operated by Hapag-Lloyd and Ocean Network Express (ONE) have connected Hamburg with ports in the USA, Canada and Mexico. In the first three-quarters of the year, 439,000 TEU were handled via container services with the USA which is Hamburg’s second most important trading partner. That is 336,000 TEU more than in the same period of the previous year, meaning a surge of 325 percent.

"Including the existing liner services, in Hamburg, we can offer port customers a total of 14 direct links with 29 ports in the USA, Mexico and Canada. An additional 15 feeder and liner services in the first nine months provide a clear indication that the Port of Hamburg is now even more attractive for shipping and shippers,” Ingo Egloff, Joint CEO of Port of Hamburg, commented.

A large number of feeder connections with the Baltic and other regions of Europe are said to give Hamburg “an essential function” of a cargo hub. These services ensure that “attractive volumes” of cargo are handled here for the mega-ships connecting Hamburg with all the world’s leading ports, according to the port.