Hamburg 2015 Port Forecasts Revised Downward
The Port of Hamburg Marketing Association has slashed its forecast for container volumes at Hamburg's port, a hub for eastern European trade, due to weakening growth in China and shrinking trade with Russia. The association said on Monday it now expects container volumes to fall 7 percent to 9 million TEUs (twenty-foot equivalent unit containers) this year, compared with a previous forecast for 3 percent growth to 10 million TEUs. China is by far the biggest trade partner for the Hamburg port, accounting for almost 3 million TEUs in 2014. Russia is the second biggest with 0.66 million TEUs in 2014. In the first half of 2015, container volume at Hamburg's port, where logistics firms such as HHLA, Eurogate and Buss operate terminals, fell 7 percent to 4.5 million TEUs.
Port of Hamburg Expects Moderate Growth
With 110 million tons of sea-borne cargo handled in 2009, a year impacted by the global economic and financial markets crisis, Germany’s biggest universal port fell short of the previous year’s result by around 30 million tons (- 21.4 percent). Improvements are in sight for the year 2010, and port-related industries anticipate a moderate level of growth. Claudia Roller, Chairwoman of Port of Hamburg Marketing Association presented the cargo-handling figures for 2009 at the annual Port of Hamburg press conference. “With a total transshipment volume of 110.4 million tons in what was a difficult year for the entire port-related industries and shipping sector, we recorded an exceptionally severe decline in the history of our port to date.
Expo Attracts Top Officials
Top security and maritime officials from more than 22 countries will come together in New York next week to explore solutions for improving the security of international maritime trade in the United States and abroad. Security Division at E.J. Krause & Associates, the Expo organizer. “Maritime security is a crucial piece in the U.S. government’s fight against the threat of terrorism. The U.S. Maritime Security Expo will be held at the Jacob Javits Convention Center in New York City, on September 18-19, 2002. the Security Expo has become this year¹s ³must attend² meeting for logistics, maritime, trade and security officials worldwide.
