HHLA volumes rise

German terminals group Hamburger Hafen und Logistik (HHLA) has revealed a rise in container throughput in the first quarter.

Its volumes increased 2.4% to 1.9m teu to 31 March, but net profit was down 27.2 % to EUR 10.5m ($14.4m).

The operating result improved by 4.8% to EUR 39.3m, however, and revenue was up 6.8% at EUR 293.5m.

HHLA’s Intermodal companies transported 305,000 teu, up 5.1%.

 “The volume increases in both container throughput and transport are particularly pleasing given that we achieved them in largely stagnating markets,” said chairman Klaus-Dieter Peters.

“Strong growth in Far East traffic was the main factor in enabling us to extend our market position in container handling.”

Its container terminal in Odessa recorded a decline in the first quarter, which was "for the time being only partly attributable to the political crisis between Ukraine and Russia."

Looking ahead, it said competitive pressure due to growing idle terminal capacities represented an  increasing burden.

“With this in mind, matching the previous year’s earnings figure remains an ambitious target,” it added.