Hhla News

Hapag-Lloyd CEO Rolf Habben Jansen said on Thursday that it would not be in the container shipper's interest to make a counter offer for HHLA, the main operator of Hamburg port, and may instead cut its traffic through the hub.On Wednesday, Switzerland-based MSC, the world's biggest container shipping company, offered to buy almost half of the port operator in a deal that could be worth nearly 1.3 billion euros ($1.4 billion).Speaking to Reuters in an interview, Habben Jansen said that as a result of MSC's bid…

Swiss-based MSC, the world's biggest container shipping company, has offered to buy almost half of the main operator of Hamburg port in a deal that could be worth nearly 1.3 billion euros ($1.4 billion), setting the stage for a potential bidding war.Shares in HHLA, which runs Germany's biggest port, soared 49% to a 19-month high as shortly after Wednesday's announcement German logistics billionaire Klaus-Michael Kuehne said he was considering a counter offer."We are examining the submission of a public takeover bid, but would prefer an agreement with the city of Hamburg on privatization - be i

Port logistics firm HHLA said on Wednesday the German government has cleared the purchase by China’s Cosco of a 24.9% stake in a container terminal in the sea port of Hamburg, amid a political row over Chinese investment in the German economy.A spokesperson for the German government said in a statement that Berlin had informed HHLA and Cosco that their reworked deal was compliant with a cabinet decision in the fall of last year that limits the ownership of Chinese state firm Cosco in the terminal to less than 25%.The deal was also in line with Berlin declaring the terminal, known as Tollerort,

Berlin is reviewing its decision to allow China's Cosco to take a stake in one of logistics firm HHLA's three terminals at the Hamburg port, a spokesperson for the German economy ministry said on Wednesday.Responding to a question about the reported classification of Tollerort as critical infrastructure, the spokesperson said it was being determined whether and under what conditions Cosco would be allowed to take a stake in the terminal named Tollerort.The German cabinet gave Cosco the go-ahead to take a 24.9% stake in the port in October last year.German Chancellor Olaf Scholz gave the green

German logistics firm HHLA on Thursday called on the German government to uphold its responsibility towards the port of Hamburg and finally approve an agreed investment of China's shipping firm Cosco.HHLA has been waiting for a final go-ahead from the economy ministry for 18 months and now expects to hear back soon, Chief Executive Angela Titzrath said. "We believe we have answered all the questions," she said at a presentation of HHLA's 2022 results. HHLA had implemented all the ministry's requirements for the contract with Cosco.

German logistics firm HHLA and Cosco are close to finalizing an agreement for the Chinese shipping giant to take a stake in a terminal at Hamburg's port, HHLA said on Friday."We can confirm that...

The U.S has "no right" to interfere in Chinese cooperation with Germany, China's foreign ministry said Thursday, after Washington cautioned against Beijing getting a controlling stake in Hamburg's port terminal. U.S. interference is symptomatic of its practice of coercive diplomacy, foreign ministry spokesman Zhao Lijian told reporters at a daily briefing in Beijing. "Pragmatic cooperation between China and Germany is a matter for the two sovereign countries, the United States should not attack it without reason and has no right to meddle and interfere…

COSCO Shipping Holdings Co Ltd  said on Monday it has agreed to buy port assets from its parent for an aggregate 19.7 billion yuan ($2.7 billion) as it aims to build a global digital supply chain for its customers. The Chinese shipping group said it would buy 14.9% of Shanghai International Port (Group) from its indirect controlling parent China COSCO Shipping Corp Ltd for 18.9 billion yuan, and a 3.2% stake in Guangzhou Port for 778.7 million yuan. COSCO Shipping Holdings also…

German Chancellor Olaf Scholz on Thursday stressed the need for Europe to diversify its relations to ensure it is not dependent on any one nation, a day after he pushed through a decision to let a Chinese firm invest in a terminal at the country's largest port.Businesses must ensure that they have multiple supply chains to obtain their goods and that their investments are not concentrated on just one country, added Scholz in a joint news conference with Greek Prime Minister Kyriakos Mitsotakis in Athens."Those who had not considered this carefully enough for a long time are doing it now in lig

Germany may allow China's Cosco to take a smaller stake than originally planned in a Hamburg port terminal, in what an economy ministry source on Tuesday described as an "emergency solution" to approve the deal but mitigate the impact.Shipping giant Cosco made a bid last year to take a 35% stake in one of logistics firm HHLA's three terminals in Germany's largest port, but the German coalition has been divided over whether to let the deal go ahead.The compromise would see Berlin approving a sale of 24.9% of the terminal to Cosco, several government sources said.

German logistics and transportation company Hamburger Hafen und Logistik (HHLA) is paying its 480 employees at the port of Odessa a month’s salary in advance so they can stock up on goods after the Ukrainian port was closed on Thursday.“HHLA as a group is not endangered in its substance by the events in Odessa,” said Chief Executive Angela Titzrath in a statement, adding that all HHLA employees had left the terminal.Titzrath added that the company expected that its employees would be able “to continue their service on land at the terminal” because ports are considered critical infrastructure.S

The container and multipurpose terminal HHLA TK Estonia, the subsidiary of Hamburger Hafen und Logistik AG (HHLA), said that Riia Sillave has taken over as the  new Chief Executive Officer (CEO) with effect from 15 March 2020.The 46-year-old Estonian, who studied business administration at Ludwig Maximilians University in Munich, has a wealth of experience in executive and management roles, including in the German automotive industry.Her most recent position was as CEO of Rail Baltic Estonia, the state-owned development company for the € 1.6 billion Rail Baltica railway project co-financed by the EU.According to a statement, she succeeds Vladimir Popov, who is leaving the Group.

German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) said that it has achieved targets for the year as the revenue and operating result (EBIT) increase with moderate increase in container throughput and significant rise in transport volume.The Group revenue increased by 6.8 percent to € 1.38 billion in the 2019 financial year (previous year: € 1.29 billion). The Group’s operating result (EBIT) of  € 222 million (previous year: € 204 million) grew by 8.8 percent.The listed Port Logistics subgroup said that In total, 7.6 million standard containers (TEU) were handled at HHLA’s container terminals in the 2019 financial year.

German international shipping and container transportation company Hapag-Lloyd AG and compatriot logistics and transportation company Hamburger Hafen und Logistik AG (HHLA), will be continuing their close cooperation in Hamburg for another five years.On the basis of this decision, both companies will now be able to make necessary investments and boost their overall competitiveness, said a joint press release.Both parties have also agreed to intensify their collaboration on sustainability-related issues. For example, there are plans to make additional significant reductions in emissions in the Port of Hamburg and to work together to rigorously expand hinterland connections.“We are very pleased to be able to continue our longstanding, trusting and intensive collaboration.

Hamburger Hafen und Logistik AG, HHLA, the company that operates three out of four of Hamburg’s container terminals, continued its positive performance in the first nine months of 2019.The total revenue was 1.04 billion euros, an increase of 8.3 percent, said the German logistics and transportation company.The operating result (EBIT) improved strongly by € 19.3 million, or 12.4 percent, to € 175.4 million. The positive effects of the initial application of IFRS 16 in the EBIT amounted to approximately € 10.6 million. Container throughput increased moderately due to the successful integration of the Estonian terminal operator HHLA TK Estonia…

German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) has announced that it has taken delivery of three new container gantry cranes for its Container Terminal Burchardkai (CTB) in Hamburg port.According to a press release, this will provide HHLA with additional capacities for handling ultra-large container vessels with a cargo volume of 23,000 standard containers (TEU) and more.The new gantry cranes manufactured by ZPMC will replace three smaller units at CTB, which have already been dismantled.The three container gantry cranes arrived at their temporary berth at Athabaskakai on board the special ship “Zhen Hua 27” after a journey of almost eight weeks.

German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) said that it has closed the first half of 2019 with rising revenue and results, despite a challenging market environment.Container throughput increased moderately, due in particular to the successful integration of the Estonian terminal operator HHLA TK Estonia, which was acquired last year. A significant rise in container transport was achieved, said a press release.In conjunction with a strong increase in revenue in the Logistics segment and a once again moderate increase in revenue from property management, this led to total revenue of € 693.7 million (+ 9.6 %).

The Estonian terminal operator HHLA TK Estonia is strengthening its position as a RoRo hub in the Baltic region.The wholly owned subsidiary of Hamburger Hafen und Logistik AG (HHLA) said in a press release that the Finnish ferry company Eckerö Line recently began connecting the port of Muuga, where HHLA TK Estonia operates a multi-function terminal, with Vuosaari in Finland. Twice daily, the RoPax ferry Finbo Cargo enters the port of Muuga, which is about 20 kilometres east of the Estonian capital, Tallinn. On the Finnish side, Vuosaari – located in the east of Helsinki – is served.The focus of the new ferry connection is on truck and trailer traffic, though passengers with cars will also be transported.

German terminal operator Hamburger Hafen und Logistik AG (HHLA) revenue increases by 10.3 % in the first quarter of 2019, despite a challenging market environment, said the company.Container throughput increased slightly, partly due to the successful integration of the Estonian terminal operator HHLA TK Estonia last year. Extremely positive performance in container transport and property management led to a revenue of € 347.6 million (+ 10.3 %).The operating result (EBIT) was far above the level of last year, increasing by € 11.8 million or 24.5 % to € 59.7 million. Effects from the initial application of the IFRS 16 standard only resulted in an increase of € 3.5 million.Angela Titzrath…

Metrans AS, a subsidiary of terminal operator Hamburger Hafen und Logistik AG (HHLA), has ordered ten Vectron MS locomotives from Siemens Mobility Czech Republic.The locomotives will be built at Siemens Mobility’s factory in Munich-Allach, and deliveries are scheduled from the end of 2019 until spring 2020. The locomotives will be operated in cross-border freight service in Central and Eastern European countries."It is our pleasure to expand the Metrans vehicle fleet by ten multisystem Vectron locomotives from Siemens Mobility. This underlines our ambition to continue growing along the transport streams of the future. The acquisition of additional locomotives will help us to be even more flexible and reliable in responding to the wishes of our customers…

China’s Vice President Wang Qishan visited the HHLA Container Terminal Tollerort (CTT) at the Port of Hamburg.Wang was greeted by the Chairwoman of the Executive Board of Hamburger Hafen und Logistik AG (HHLA), Angela Titzrath, Hamburg’s First Mayor, Dr Peter Tschentscher, and representatives of the Chinese container shipping company Cosco Shipping Lines. Wang headed a 40-strong party of high-ranking Chinese government officials, and the terminal operator said the visit emphasizes Hamburg’s importance as a global trade gateway.The largest container vessels of Chinese shipping company Cosco Shipping Lines are handled at the facility of Container Terminal Tollerort every week. On Thursday, for instance, the Cosco Shipping Aries was docked at the CTT quayside.

German port operator Hamburger Hafen und Logistik AG (HHLA) increased its Group revenue by 3 percent to EUR 1.29 billion in the 2018 financial year (previous year: EUR 1.25 billion). The Group’s operating result (EBIT) of EUR 204 million (previous year: EUR 173 million) represents an increase of 18 percent.In total, 7.3 million standard containers (TEU) were handled at HHLA’s container terminals in the 2018 financial year. Compared to 7.2 million TEU in the previous year, this equates to an increase of 1.9 percent.Container throughput at the three container terminals in Hamburg remained at the high level achieved in the previous year, while throughput at the international HHLA container terminals in Odessa (Ukraine) and Tallinn (Estonia) increased.

German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) and its partners began research and development work on the publicly funded FRESH  project at its Container Terminal Altenwerder (CTA).FRESH stands for flexibility management and control reserve provision of heavy goods vehicles in the harbour, said the firm which operates three container terminals at the Port of Hamburg: Altenwerder, Burchardkai and Tollerort, as well as cargo handling and transport services by rail, road and sea.The goal is to integrate the battery capacities of the automated guided container transport vehicles (AGVs) that are in use…