Port of Hamburg handling 8.5 million TEU last year
The Port of Hamburg’s container throughput declined 12 per cent to 8.5 million TEU overall with imports falling 8.2 per cent year on year in 2020.
Nonetheless, Axel Mattern, joint CEO of Port of Hamburg Marketing, regarded the strong second-half performance as a positive sign for prospects in the coming year, reported IHS Media.
※The first six months were notable for reduced activity in many areas of the economy, weaker consumer demand, and a reduction in liner service sailings,” said Mr Mattern.
※In Hamburg, this caused a double-digit downturn in throughput. We are delighted that the second half brought a turnaround, with the total throughput in 2020 showing only a single-digit minus.”
Port of Hamburg suffering from decreased volumes from China
Hamburg data shows an 8.2 per cent decline in container volume from China, the port’s top trading partner, which Hamburg said could not be offset by positive development in trade with other regions.
Other 2020 losses came on trades connecting Hamburg with Russia (down 12.7 per cent year over year), Sweden (down 8.6 per cent), South Korea (down 10.4 per cent), Brazil (down 11.1 per cent), and Poland (down 7.3 per cent).
Trades in which growth was achieved in 2020 included the US, which was up 1.8 per cent to a record 591,000 TEU, and the UK, where volume increased 28.2 per cent year over year to 266,000 TEU.
Copyright 2016 HKSG Group Media Ltd.