Even Germany’s largest universal port is affected by the repercussions of the corona crisis. Seaborne cargo throughput in the first quarter of the year at 31.9 million tons was 7.9 percent down on 2019.
Container handling at 2.2 million TEU was 6.6 percent lower. Container hinterland transport services remains comparatively stable, while the drop in demand for transhipment handling was more obvious. The Port of Hamburg remains fully operational.
In the difficult economic conditions caused by the worldwide corona crisis, the port performs an essential function in maintaining reliable supplies of products and raw materials for the economy and the population.
The slackening of import and export flows apparent in Germany’s largest universal port can be explained by the interruption to transport and supply chains caused by the impact of the corona crisis. “The partial shutdown of the Chinese economy, resulting in blank sailings in shipping, has led to lower cargo handling in Hamburg as well,” explained Axel Mattern, Joint CEO of Port of Hamburg Marketing.
Following in second place in the ranking of Hamburg’s container partners, in the first quarter the USA accounted for 146,100 TEU, still reporting 20.7 percent growth.
In third place with 111,000 TEU, Singapore also achieved an advance in the first three months of the year. Growth of 10.5 percent was reported for seaborne container traffic. Axel Mattern surmised that the trend can be explained by the transfer of transhipment services from other Asian countries to Singapore.
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