• 2017 August 14 11:35

    HHLA records revenue growth and strong earnings

    Hamburger Hafen und Logistik AG (HHLA) recorded significant year-on-year growth in its key performance indicators in the first half of 2017. Group revenue rose by almost 9 percent to € 622.8 million. While the Group’s operating result (EBIT) climbed by approximately 48 percent to € 98.8 million, the Port Logistics subgroup’s EBIT grew by just over 54 percent to € 90.6 million. This was primarily attributable to higher earnings in the Container segment due to an increase in volumes as well as to the successfully completed restructuring in the Logistics segment, which let to one-off expenses in the first half of 2016. Throughput at the HHLA container terminals stood at 3.6 million standard containers (TEU) – some 12 percent higher than in the first six months of last year. The Intermodal subsidiaries also achieved volume growth of approximately 7 percent to more than 744,000 TEU.
     
    Commenting on the positive course of business in the first half, Angela Titzrath, Chairwoman of HHLA’s Executive Board, said, “Following the reorganisation of the alliances of the shipping companies, HHLA managed to maintain its strong position in contested market environments. We are not just benefiting from ongoing positive economic developments in the world and in Germany; we are also profiting from our own service capability. HHLA took timely steps to prepare for this upswing by making targeted investments in our facilities. This means we can offer our customers a range of services that offer a high level of quality and reliability, and thus generate growth at the Port of Hamburg with them.”
     
    In the first half of 2017, throughput at HHLA’s container terminals was up almost 12 percent on the first six months of the previous year at 3.6 million TEU. Throughput increased by 11.8 percent to 3.4 million TEU at the three container terminals in Hamburg (previous year: 3.1 million TEU). This growth was primarily driven by a recovery on Asian routes (+ 16.1 %) and significant increase in feeder traffic with the Baltic Sea ports (+ 22.4 %). Container throughput at the terminal in Odessa also developed positively in the first half of 2017. At more than 145,000 TEU, it was approximately 10 percent higher than one year earlier (previous year: more than 132,000 TEU). Revenue in the Container segment rose by 10.6 percent to € 372.3 million (previous year: € 336.6 million). At 25.8 percent, growth in the operating result (EBIT) outperformed the rise in volumes, taking it to € 68.1 million (previous year: € 54.2 million).
     
    HHLA’s Intermodal companies recorded significant growth in a h ighly competitive market. They increased their transport volumes to more than 744,000 TEU (previous year: more than 694,000 TEU). This development was driven by growth in both rail and road transport. Compared to the first half of 2016, rail transportation rose again by 5.9 percent to more than 568,000 TEU (previous year: approximately 537,000 TEU). Road transport also developed very positively with growth of 11.8 percent to more than 176,000 TEU (previous year: approximately 158,000 TEU) as a result of strong freight volumes in the metropolitan area of Hamburg. Revenue in the Intermodal segment grew by 8.1 percent to € 206.2 million (previous year: € 190.8 million). The operating result (EBIT) rose compared to the same period last year to € 34.9 million (previous year: € 33.7 million).
     
    HHLA’s E xecutive Board has updated its forecast for the 2017 financial year in view of the positive developments in the Container segment and the persistently upbeat economic outlook. A Group operating result (EBIT) within a range between € 150 million and € 170 million is now anticipated, while the EBIT of the Port Logistics subgroup is expected to be within a range between € 135 and € 155 million, both including possible one-off expenses of up to € 15 million for reorganisation in the Container segment. Previously, the Group’s EBIT was expected to be in the upper half of a range between € 140 million and € 170 million, while the guidance for the Port Logistics subgroup was in the upper half of a range between € 125 and € 155 million, both excluding possible one-off expenses of up to € 15 million.




2018 November 16

18:07 Ocean Network Express announces delivery of 14,000 - TEU containership “ONE COLUMBA”
18:02 Sovcomflot reported its results for Q3 and 9M ending 30 September 2018
18:01 Throughput of port Vyborg in 10M’18 up 23% Y-o-Y to 1.53 million tonnes
17:42 Federal Antimonopoly Service of Russia approves amendments to railway transport tariffs
17:30 Keppel announces settlement agreement for termination of an integration project
17:17 Throughput of port Kaliningrad in 10M’18 grew by 5% Y-o-Y to 11.83 million tonnes
17:07 Van Oord and Ace Aquatec making FaunaGuard available for rest of the world
17:06 PaxOcean delivers largest FSRU to be built in China
16:55 Throughput of port Primorsk in 10M’18 fell by 10% Y-o-Y to 44.42 million tonnes
16:55 NYK develops advance water-in-oil alarm to prevent engine trouble
16:33 Throughput of port Vysotsk in 10M’18 climbed by 6% Y-o-Y to 15.34 million tonnes
16:28 Maersk Line receives Service Innovation Award for its Remote Container Management product
16:10 Bureau Veritas Chongqing Liansheng wins Global Project Excellence Award of IPMA 2018
15:48 Port of Ust-Luga handled 81.50 million tonnes in 10M’18, down 4% Y-o-Y
15:29 Port of St. Petersburg handled 49.14 million tonnes in 10M’18, up 12% Y-o-Y
15:10 ZIM announces Q3 2018 results
14:45 Jan De Nul supports the 6th Forum of Dredging Companies as its Sponsor
14:24 Decision on construction of 4th and 5th nuclear-powered icebreakers expected before year end
14:10 Diana Shipping announces time charter contract for m/v Thetis with Hudson
13:32 Entry fee for vessels to be changed at the Port of Ventspils in 2019
13:10 Global Ship Lease completes strategic combination with Poseidon Containers
12:55 Ship inspection to keep high standards
12:31 GoodBulk announces delivery of Supramax vessel to its new owners
12:04 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
11:30 GTT receives an order from HHI to design the tanks of two new LNG carriers
11:25 Multipurpose Reloading Complex (Ust-Luga) boosts allocations for its development programme
11:04 ForSea completes conversion of the world’s largest battery ferries, powered by ABB
10:44 Wärtsilä, LUT University and Nebraska Public Power District to develop business case for alternative fuels
10:41 Nor-Shipping looks to achieve industry first with ISO sustainable event standard
10:20 Brent Crude futures price up 0.84% to $67.17, Light Sweet Crude – up 0.74% to $56.88
10:02 Portmaster improves efficiency in the Port of Scheveningen
09:57 High level experts to present at Maritime Reconnaissance and Surveillance Technology conference
09:35 Container throughput of port Hong Kong (China) down 5.4% to 16.3 million TEUs in Jan-Oct’18
09:16 Baltic Dry Index is up to 1,020 points

2018 November 15

18:03 Costa Smeralda to call on Cruiseport Rotterdam
17:54 Polish LNG Conference 2018 concludes in Warsaw
17:25 Port of Singapore throughput in 10M’18 grew by 0.7% Y-o-Y to 523.73 million tonnes
17:03 Maersk Line announces rates from Mediterranean to West and Central Asia
16:52 Expert says downward trend in bunker prices may continue next week
16:30 Nevsky Shipyard launched dry cargo vessel of Project RSD59 «Pola Anfisa»
16:19 "K" Line takes delivery of coal carrier “SHONAI MARU” for JERA Trading
16:04 ICTSI names new APAC head
15:22 Meyer Turku starts construction of Carnival XL1
15:03 Port of Antwerp signs an agreement with Enabel
14:34 Throughput of Ukraine’s seaports in 10M’18 declined by 0.7% Y-o-Y to 108 million tonnes
14:03 Pavilion Energy and Novatek agree to strengthen their LNG partnership
14:00 Damen hands over four FCS 2610 vessels to Allianz during ADIPEC
13:36 ABS awards industry’s first offshore facility cyber security-ready notation to Sembcorp Marine
13:23 NOVATEK’s Board of Directors to be elected on 18 January 2019
13:00 Zvezda shipyard started serial manufacturing of Aframax-class tankers
12:39 Residents of Riga and the Port outline a common vision for the future
12:04 Singapore hosts 10th APEC Port Services Network (APSN) Port Connectivity Forum
11:48 Bunker prices are still high in the Far East ports of Russia (graph)
11:22 Sea Port of Saint-Petersburg’s allocations for its development programme totaled RUB 413.5 million in 9M’2018
11:03 NYK promotes decarbonization through exploratory design of NYK Super Eco Ship 2050
10:51 ABS and HHI pioneer Cyber Security standard for new vessels
10:25 Brent Crude futures price down 0.18% to $66, Light Sweet Crude – down 0.36% to $56.05
10:11 OOCL introduces new Asia – South Africa direct services
09:58 A.P. Moller – Maersk, CMA CGM, Hapag - Lloyd, MSC and Ocean Network Express plan to establish container shipping association
09:38 ASW Severomorsk of RF Navy's Northern Fleet completed a call to the Republic of Djibouti