• 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 July 21

13:18 High-tech automotive quality control measures installed at the Port of Southapmton
11:12 Van Oord to install innovative suction bucket foundations at Deutsche Bucht Offshore Wind Farm

2018 July 20

18:28 Fincantieri Marinette Marine: The US Gov't awards contract within the MMSC Programme for Saudi Arabia
18:12 Management of Palmali to pay backdated wages to crews of four vessels staying off Rostov-on-Don port
18:10 CMA CGM: new FAK rates from Asia to Pakistan - India - Sri Lanka
17:58 Crowley takes delivery of first LNG-powered ConRo ship serving Puerto Rico
16:38 Equinor UK extends Safe Boreas contract by 1 month at Marinerd
16:07 MOL hosts tour of cutting-edge car carrier on Marine Day for 360 students and families
15:21 Historical crab quota distribution principle is not effective enough – Rosrybolovstvo
15:02 Wärtsilä's BWMS successfully tested for global compliance
14:27 BP ETAP hub celebrates 20 years of production
14:02 High-tech automotive quality control measures installed at the Port of Southampton
13:29 Seadrill receives ABS MPD™ notation enabling safer deepwater drilling
13:00 Severnaya Verf lays down a longline factory vessel Gandvik-1 for fishing fleet of Karelia
12:17 Icebreaking LNG carrier "Vladimir Rusanov" first call ceremony at PetroChina LNG Jiangsu Terminal
12:16 GD NASSCO shipyard gets DDG 76 drydocking contract
11:48 HELCOM shares its insights on marine litter and management of sea areas
11:23 Wärtsilä's half year financial report January-June 2018
11:02 Bunker prices continue going down at the Port of Saint-Petersburg, Russia (graph)
10:39 Gazprom to revive implementation of Vladivostok LNG and Shtokmanovsky projects
10:16 MPC Container Ships to acquire 1,740teu boxship
09:55 Brent Crude futures price up 0.28% to $72.78, Light Sweet Crude – up 0.1% to $68.33
09:18 Baltic Dry Index down to 1,657 points

2018 July 19

18:23 MPA and Port of Rotterdam Authority to continue cooperation in information exchange and R&D
18:14 DP World signs agreement to boost international trade
17:55 NIBULON launched second T3500 Project tug
17:32 IMO supports spill preparedness in the Northwest Pacific
17:10 ABB turbochargers support optimal performance and fuel efficiency for one of the world’s largest container ships
16:48 Escort vessel Yaroslav Mudriy of RF Navy’s Baltic Fleet leaves port of Cyprus
16:21 Ocean Alliance - CMA CGM to reshuffle its CIMEX 6 service
15:59 Blagoveshchensk shipyard launched hydrographic vessel Aleksandr Rogotsky built for RF Navy’s Pacific Fleet
15:26 Austal USA opens new San Diego operations office
15:04 MABUX says high volatility remains in global bunker market
14:45 Port of Klaipeda (Lithuania) handled 22.2 million tonnes of cargo in 6M'18, up 7.6% Y-o-Y
14:27 FSB Border Service explains its position as regards vessels owned by foreign entities and used by Russian fishermen
14:09 New CMA CGM's FAK rates from Asia to North Europe
14:02 The PORT OF KIEL invests in cargo handling and environmental technology
13:43 Season of icebreaker assistance in water area of port Sabetta is over from July 20
13:28 Coast Guard offloads approximately 8.5 tons of cocaine
13:04 CMA CGM: FAK rates from Asia to the Mediterranean
12:55 NOVATEK shipped first LNG cargos to China
12:36 ILCA, Port of Amsterdam to host Chem Together meeting, Sept. 11
12:10 Fuel oil prices are flat at the Far East ports of Russia (graph)
11:42 State Duma approves Russian ships’ multiple crossings of State Border through notification procedure
11:19 CMA CGM to apply FAK rates for Asia-North Africa trades
10:54 Canada’s Davie Shipbuilding delivered first LNG-powered ferry to be built in North America
10:35 NYK establishes logistics JV for finished cars using automobile freight trains in India
10:03 New Port of Hamburg “Connection Compass 2018/19” has arrived
09:46 Brent Crude futures price down 0.18% to $72.77, Light Sweet Crude – down 0.12% to $67.67
09:14 Baltic Dry Index up to 1,688 points

2018 July 18

18:31 Naval Group posts H1 2018 performance results
18:00 BC Ferries announces sponsorship of the Nicholas Sonntag Marine Education Centre
17:36 DP World announces closing of Continental Warehousing Corporation (India) transaction
17:12 Marine Technics to participate in International Far East Maritime Show-2018
16:44 Oleg Bukin elected as Chairman of Tuapse Commercial Seaport BoD
16:23 Transocean and Chevron Australia ink 11-well contract
15:45 Stena Bulk positions itself in crude oil
15:19 Transocean announces 13-well contract for Transocean 712
14:57 AGCS issued Safety & Shipping Review 2018
14:43 Scandlines Helsingborg-Helsingör kicks off the holiday traffic season without delay