Port of Hamburg 1Q16 bulk cargo throughput down

Total 1Q16 seaborne cargo throughput for Port of Hamburg comes in just below last year’s figures – declining 2.5% to 34.8 million t.

The Port indicated that the economic downturn in China and Russia, both especially important markets for Hamburg, might have slowed somewhat during the 1Q16, yet Hamburg’s seaborne cargo throughput remained below the previous year’s record level.

Contributing to the total was bulk cargo throughput at 11.5 million t (down 1.9%) and general cargo throughput at 23.3 million t (down 2.7%), both segments being somewhat weaker than in the same quarter of 2015. At 2.2 million TEU (down 3.4%) container throughput for the quarter was also lower.

Bulk cargo throughput in the first quarter came in at 11.5 million t, which was just below the previous year’s record total – declining 1.9%. Contributing to the segment total were suction cargoes, down by 13.5% to 2.3 million t, grab cargoes declined by 1.5% to 5.4 million t, and liquid cargoes at 3.7 million t were up by 6.1%.

The port’s strong grain exports of the previous year’s first quarter were not repeated, causing a 13.5% fall in throughput. While imports of oilseeds were up by 51.7% at 912 000 t, these failed to offset the downturn in grain exports.

Edited from press release by Harleigh Hobbs

Read the article online at: https://www.worldcoal.com/handling/23052016/port-of-hamburg-1q16-bulk-cargo-throughput-down-828/