• 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 September 21

18:06 Forth Ports wins prestigious award for community work
17:44 NCSP Group's cargo turnover for January–July 2018 totaled 82,351 thousand tons
17:28 First ISO-container ever loaded with liquefied natural gas at the LNG terminal in Świnoujście
17:06 Gibdock, RSP Systems and New Zealand fisheries choose LR
16:31 Outlook for marine cargo insurance challenging but opportunities remain for underwriters, says IUMI
16:04 Babcock ecoSMRT receives LR acknowledgement for ship application
15:09 Trafigura holds naming ceremony for first of 35 newbuild crude oil and product tankers
14:56 IBIA takes part in SIBCON 2018
14:27 Krasnoye Sormovo shipyard launches Pola Fiva, fifth dry cargo carrier of Project RSD59 built for Pola Rise
14:09 British International Freight Association fumes over sulphur surcharge
13:52 Ukraine’s water transport carried 0.5 million passengers in 8M’18, up 10.5%, Y-o-Y
13:31 Maersk’s regional carriers go to market under one brand
13:09 GE Shipping takes delivery of Secondhand Very Large Gas Carrier “ Jag Vasant ”
12:50 ABP aims for frictionless trade with blockchain
12:28 Cargo transportation by Ukraine’s water transport declined by 1.9% to 3.6 million tonnes in 8M’18
12:09 COSCO SHIPPING Tanker (Dalian) takes delivery of 319,000 dwt Mt Cosnew Lake
11:07 Odfjell finalizes sale of Rotterdam tank terminal
10:36 ABP promotes South Wales ports as cruise destinations
10:07 Georgia Ports plan 8 million TEU capacity by 2028
09:54 Brent Crude futures price up 0.06% to $78.75, Light Sweet Crude – up 0.14% to $70.22
09:35 Bunker prices are going up at the Port of Saint-Petersburg, Russia (graph)
09:16 Baltic Dry Index is up to 1,396 points
09:03 APL’s Eagle Express service makes a solution for precise logistics management
08:07 Yang Ming to upgrade China-Vietnam-Thailand service
07:20 Iskes Towage names twin Damen ASD Tugs 3212 Mars and Mercurius

2018 September 20

21:17 Expert says production declines and geopolitical unrest may push bunker prices up
18:02 SITC holds naming & delivery ceremony for M/V “SITC TOYOHASHI”
17:54 Sovcomflot participates in Eastern Economic Forum’s business programme
17:30 Kurt Bodewig appointed as new European Coordinator for Motorways of the Sea
17:07 Port of Singapore holds annual multi-agency ferry emergency exercise
16:46 IAPH regional conference sets pan-African ports agenda
16:25 UAE to host Dubai Marine Insurance Conference 2018 on November 20-21
16:07 Governments of New Zealand and Australian announce fumigation requirement for import cargos
15:48 Sovcomflot is a Partner of the Second Conference “LNG Fleet and LNG Bunkering in Russia”
15:32 NYK product tanker rescues 28 fishermen off the coast of Colombia
15:04 CMA CGM announces GRR from Asia to West Africa
14:56 Admiralteiskie Verfi launches the Kronshtadt, diesel-electric submarine of Project 677
14:32 DNV GL releases autonomous and remotely operated ship guideline (UPDATE)
14:04 Port of Long Beach awarded $4.2 mln security grant
13:32 ABS supports innovative yacht design with dedicated guidance notes and software
13:20 Finnish Transport Agency: international seaborne transport volumes show significant boost
13:04 Port of Antwerp works on structural solutions to improve mobility
12:43 Arctic group of RF Navy’s Northern Fleet enters Chukchi Sea through Bering Strait
12:30 Wison receives AiP from LR for 300MW FSRP
12:04 Port of Rotterdam and Rönesans Holding sign agreement for petrochemical industrial zone in Turkey
11:49 IMO to start consideration of legal framework for low-flashpoint diesel
11:30 Gulftainer signs 50-year, $600 million concession to operate and expand Port of Wilmington in Delaware, USA
11:18 Fuel oil prices are going up the Far East ports of Russia (graph)
11:04 Green Corridor JIP delivers innovative bulk carrier designs for a low emissions future
10:55 IMO takes important step to facilitate use of methanol
10:30 HHI receives AiP from LR for a VLGC design capable of using LPG as fuel
10:19 Brent Crude futures price up 0.3% to $79.64, Light Sweet Crude – up 0.61% to $71.2
10:03 OpenIJ starts sinking operation of the lock gate chamber at the Port of Amsterdam
09:50 Passenger Port of Saint-Petersburg ("Marine Façade") welcomed MSC Meraviglia
09:34 CMA CGM announces GRR from India to East Africa
09:17 Baltic Dry Index is up to 1,373 points
09:03 Port of Rotterdam organises information meeting about the replacement of Maaskade quay wall
08:34 DNV GL launches revised design standard and new certification guideline for floating wind turbines
08:04 ABS issues AIP for Jiangnan’s LNG Jumbo

2018 September 19

18:10 Significant reserve growth confirmed at the Utrenneye field