The Port of Hamburg is continuing its long-term success story with a record total transshipment volume for the year in excess of 142 million tonnes – surpassing the records set in 2007 and 2008. As reported by the business association for the Port, UVHH, this includes a container volume of more than 9.5 million TEUs, representing repeated year-on-year growth.
“Ultimately, the success of the Port of Hamburg can be attributed to the flexible activities of strongly performing companies operating there. Despite the problems of sea access, Hamburg’s handling is very efficient, thanks to significant financial and personnel investments,” says Gunther Bonz, President of UVHH. This does not, however, change the need for adjustment to the navigation channel.
The terminals have to closely coordinate large container ships and bulk carriers. On average, more than five of these very large vessels, more than 330m in length and/or more than 45m wide, pass along the Elbe each day. The restrictive existing navigation channel makes the timing of these passages critical. The planned deepening and widening of sections of the Elbe would also relieve the pressure on local infrastructure. For shipowners, this project is a key to making it more profitable to send their ships to Hamburg.
Current forecasts see a slowing of the global economy due to the geopolitical risks in eastern Europe and the Middle East along with a weakening of the Eurozone. The resultant excess capacity will intensify competition in the shipping industry and between ports. But despite these challenges, the outlook for the Port of Hamburg remains positive.
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