News / HHLA must look elsewhere for growth as port of Hamburg volumes weaken

Muuga port

German terminal operator HHLA is increasingly eyeing international acquisitions as a means of mitigating against future volume weakness in its home port of Hamburg, Drewry Maritime Financial Research argued today.

Although 2017 saw HHLA post “inspiring results”, with revenues up 6.3% to €1.25bn and EBIT increasing 5.6% to reach €173m, any container throughput growth was largely due to last year’s shift in alliance volumes and could come under pressure this year.

HHLA handled 7.1m teu last year, while Hamburg competitor Eurogate saw volumes decline 25.6% to ...