Port of Hamburg handles nearly 2 million TEUs in the Q1 2024

Port of Hamburg (Source: Hafen Hamburg Marketing)

The Port of Hamburg handled 1.9 million TEUs in the first quarter of 2024, a slight increase of 1.1% over the same period last year. At the same time, container throughput through Hamburg port also increased by 0.7% to 19 million tons.

Axel Mattern, CEO of Hafen Hamburg Marketing (HHM), explains, "The development of container throughput suggests that, despite the current events in the Red Sea, trade is stabilising and the recovery process is continuing."

However, Mattern pointed out that "the quarterly results cover a short period of time and are not indicative of throughput trends for the remainder of the year."

The total seaborne cargo throughput in the first three months of this year was 27.4 million tons, down 3.3% over the same period last year. According to port officials, the main reason was lower bulk cargo turnover, at 8.2 million tons, down 11.9% compared to the previous year. Notably, the amount of liquid goods decreased, due to the currently high inventory level.

A look at the Port of Hamburg's strongest container shipping routes reveals a remarkable record of throughput with the United States. In the first three months of the year, 179,000 TEUs were handled, representing an increase of 17.7%. At the same time, container shipping from China still leads with 536,000 TEU and increased by 2.9%.

In total, the Port of Hamburg handled 625,400 TEUs of transshipment container traffic, an increase of 3% over the same period last year.

In addition, inland seaport transport by rail remained stable in the first quarter. Container throughput increased by 0.9% to 641,000 TEU. As a result, rail transport accounts for more than half of domestic container traffic.

Source: Phaata.com (According to ContainerNews) 

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