News / Hamburg's Xmas bonus failed to appear as container throughput declined

Photo: HHM/Michael Lindner https://www.hafen-hamburg.de

The port of Hamburg’s terminals handled 8.3m teu last year, 5.1% fewer containers than in the previous year at 8.3m teu, after throughput plummeted 12% in final quarter.

Indeed, volumes at the three major North European container hubs of Rotterdam, Antwerp-Bruges and Hamburg continue to fall significantly year on year as consumer demand softens and retailers wrestle with stubbornly high inventory.

Posting its 2022 results yesterday, Port of Hamburg marketing CEO Axel Mattern said: “With Christmas in the final quarter, we should normally see ...