Port of Hamburg set to profit from CETA free trade agreement with Canada
HAMBURG: Comprising the general and bulk cargo segments, seaborne cargo handling in Hamburg during the first nine months at 104.3 million tons was at a stable level. At 6.8 million TEU (20-ft standard containers), throughput of containerized general cargoes continued to grow; while at 34.1 million tonnes, bulk cargo throughput remained just below the previous year’s figure. For Port of Hamburg Marketing, the excellent trend in container traffic with Canada is a gratifying pointer. The port’s marketing organization sees the CETA free trade agreement as providing an additional boost for seaborne trade that will benefit the Port of Hamburg.
‘On container throughput, a total of 6.8 million TEU (up 0.4 percent) represented a renewal of slight growth.
For loaded boxes, we achieved a 1.2 percent increase to 5.8 million TEU,’ said Axel Mattern, Joint CEO of Port of Hamburg Marketing, at the port’s quarterly press conference. By contrast, handling of empty containers at 924,000 TEU was 4.3 percent lower than in the previous third quarter. Mattern mentioned the not yet implemented dredging of the Elbe fairway as one reason for the downturn in empty box handling. Market research by Port of Hamburg Marketing indicates that restrictions on the Elbe applying to Hamburg plus limited tidal ‘windows’ are causing shipping companies are to use available slot space on their mega-containerships for loaded boxes as a matter of priority. Empty containers are increasingly being routed via other ports in Northern Europe, added Mattern.