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Russian sanctions hit Port of Hamburg in Q1

The Port of Hamburg handled 35.6m tons in Q1 2015, a 0.1% increase compared with the same period in 2014, as container trades were hit by sanctions against Russia.

Growth was hampered, Hamburg reported, by a 34.8% decrease in first quarter container trades with Russia, which fell to 109,000 teu during the period. The fall in volumes with Russia drove down total container throughput to 2.3 m teu, a 2.3% decrease over what had nevertheless been described as an “unusually satisfactory” Q1 result in 2014.

Hamburg port ceo Axel Mattern indicated that were sanctions to be lifted and a recovery to occur in the Russian economy, Russian trade via Hamburg would be restored.

The marginal increase was driven by a 12% increase in bulk cargo throughput  to 11.7m tons, driven by a 64.1% rise in coal imports to 1.8m tons, and a 44% increase in wheat exports to 1.62m tons.

Port-hinterland container transport, via rail, truck and inland waterway craft, increased 7.3% to 1.5m teu and rail transport, in particular, grew 11.1% to 602,000 teu. “Along with the other North German states, in Berlin we shall be urging that seaport-hinterland traffic routes should be properly catered for in the new Federal Transport Infrastructure Plan,” explained executive board-member Ingo Egloff. “Only a high-performing and intact infrastructure will guarantee incoming and outgoing access for seaports in the interests of the entire national economy.

“We are also therefore hoping for a positive decision this year by the Federal Administrative Court in Leipzig on the implementation of the dredging of the navigation channel on the Lower and Outer Elbe.”

Posted 18 May 2015

© Copyright 2019 Seatrade (UBM (UK) Ltd). Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade.

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