The yearly ‘Christmas jump’ in container trade has “almost completely failed to materialise” thanks to falling container volumes from Russia and China, says the Port of Hamburg.
Shanghai International Port (Group) Co (SIPG) is looking to invest in Germany’s Hamburg and Bremen ports, as it continually seeks opportunities to own or operate overseas ports, reports said.
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.
The Port of Hamburg has reported a 4.8% increase in throughput in 2014 to 145.7m tons, it's highest ever result.