THE Port of Hamburg's biggest by far terminal operator, Hamburger Hafen und Logistik (HHLA) declared that first quarter container volumes increased 2.6 per
cent year on year to 1.8 million TEU, reports London's Port Technology
International.
This development was driven by Asian
traffic, which increased 8.9 per cent. A lower share of feeder traffic
and higher storage fees meant that HHLA's revenue increased moderately
by 4.9 per cent to US$226.8 million.
Its segment operating result (EBIT) also rose by 2.6 per cent to $38.6 million, with its EBIT margin amounting to 17.1 per cent.
HHLA's container transport declined by 5.3 per cent due to the
realignment of Polzug's intermodal transportation activities, but has
not affected HHLA's expectations for its Port Logistics subgroup EBIT,
which has increased by 3.3 per cent.
"Following a good start in the first quarter, we are confident that we
will achieve our targets for the year," said HHLA chairwoman Angela
Titzrath.
"Furthermore, we have set up a structured process that will allow us to
continually select and evaluate potential value-adding acquisition
targets.
One of the first results of this process is the acquisition of the
largest terminal operator in Estonia, Transiidikeskuse AS in the port of
Muuga," she said.
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