ViganCimbriaTelestackBühler GmbHCoaltrans Global 2021TOC Events
  • TBA Group
  • Telestack
  • Port of South Louisiana
  • Sailors Society
  • Vigan
  • Van Aalst

HHLA resists effects of pandemic

(Posted on 12/11/20)

Despite the lasting impact of the coronavirus pandemic, Hamburger Hafen und Logistik AG (HHLA) recorded a positive operating result in the first nine months of 2020. However, due to a strong decline in business activities in the second quarter, this result is sharply below (- 38.9 %) the prior-year figure. Revenue also declined (- 8.1 %). Container throughput and container transport recorded strong and moderate declines, respectively. Although there were minor indications of a recovery in business in the third quarter fostered by, among other things, the renewed growth of the Chinese economy, HHLA will not achieve the strong result of the previous year in 2020.

Angela Titzrath, Chairwoman of HHLA’s Executive Board: “HHLA responded well to the situation created by the coronavirus pandemic. Our facilities are operating reliably and stably under the conditions provided by the authorities to protect public health. HHLA moves what Germany and Europe need. This is something that consumers and companies can rely on. Even if our key performance indicators have not developed as we had expected at the beginning of the year, the positive operating result is proof that our business model is resilient. HHLA can fulfil its financial obligations at all times. To continue strengthening our future viability, we are investing further in our core business areas and are looking for new profitable growth initiatives and digital solutions. We regularly review our cost structure in order to secure our financial fields of action. With our ambitious efficiency programme, we aim to drastically reduce costs over the next five years in order to maintain the competitiveness of our services.”

The listed Port Logistics subgroup recorded an 8.1 % decline in revenue to € 937.4 million in the first nine months. The operating result (EBIT) decreased significantly by 40.7 % to € 96.6 million. The EBIT margin decreased by 5.6 percentage points to 10.3 %.

Revenue decreased year-on-year by 9.4 % to € 548.4 million in the first three quarters of 2020. This was primarily due to the decreases in volume caused by the coronavirus pandemic. The operating result (EBIT) decreased by € 43.9 million or 39.0 % year-on-year to € 68.7 million due to falling volumes. The EBIT margin decreased by 6.1 percentage points to 12.5 %.

Latest News

CN sets latest grain movement record

(Posted on 06/05/21)

CN has announced that it moved 2.90 million metric tonnes (MMT) of western Canadian grain in April 2021... Read more


Shi.E.L.D. pushing hard for crew vaccines

(Posted on 06/05/21)

Dry bulk transshipment specialist, Shi.E.L.D. Services is working hard to obtain much-needed Covid-19... Read more


Industry leaders explore hydrogen supply chains

(Posted on 04/05/21)

German steel companies thyssenkrupp Steel and HKM and the Port of Rotterdam jointly investigate setting... Read more


Antwerp installing 2,500 LED lamps

(Posted on 04/05/21)

Fluvius and the Port of Antwerp are completing a large-scale lighting project in the port of Antwerp... Read more


Abu Dhabi Ports issues $1bn bond

(Posted on 29/04/21)

Abu Dhabi Ports, rated A+ (stable) by S&P and A+ (stable) by Fitch, has successfully issued US$... Read more


Incoming BPA Chair praises port resilience

(Posted on 29/04/21)

The British Ports Association’s (BPA) Annual General Meeting and briefing session held today,... Read more


Yemeni ports in bad shape

(Posted on 26/04/21)

Port capacity in Yemen has been greatly reduced by the war raging there. As a result, the supply of... Read more


South Louisiana rail storage project completed

(Posted on 26/04/21)

The Port of South Louisiana is pleased to announce that the construction of a six-track rail yard in... Read more


Imperial to sell South American shipping business

(Posted on 20/04/21)

The board of Imperial, an African focused provider of integrated market access and logistics solutions... Read more


Thirteenth consecutive monthly grain record for CN

(Posted on 15/04/21)

Despite challenging conditions, CN and its supply chain partners have delivered exceptionally during... Read more


Sailors SocietyVan AalstTBA GroupPort of StocktonCleveland Cascades LtdPort of South Louisiana
  • Coaltrans Global 2021
  • Bühler GmbH
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Port of Stockton

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping