• 2017 November 15 08:05

    HHLA posts results for the first nine months of 2017

    Business remained strong and continued to develop positively at Hamburger Hafen und Logistik AG (HHLA) in the first nine months of 2017, the company said in its press release. While Group revenue rose by 8.3 percent year-on-year to € 942.8 million, the operating result (EBIT) increased by 22.3 percent to € 155.2 million. The profit after tax and minority interests – the relevant figure for shareholders – grew by 30.2 percent to € 79.3 million. Volumes went up by 10.8 percent in container throughput and 6.8 percent in container transport.
     
    The Chairwoman of HHLA’s Executive Board, Angela Titzrath, commented on the business developments as follows: “HHLA is currently benefiting from the positive trend in both the global economy and world trade, but also from the targeted sales activities and in-depth discussions with our customers which took place in the spring of this year and by which we secured – and in some cases expanded – our market position. We believe that we will achieve the targets forecast for 2017. Although the results are very pleasing, we continue to operate in a challenging market environment. Uncertainty remains in the form of the volatile trend in international trade, which has prompted a structural slowdown in growth over recent years and in the conditions at the Port of Hamburg. We are still waiting for work to commence on the dredging of the river Elbe.”
     
    Container Throughput Benefits from Far East Volumes and Feeder Traffic
    The HHLA container terminals in Hamburg and Odessa have to date handled 5.5 million standard containers (TEU) this year. This is 10.8 percent more than in the period from January to September 2016. Throughput at the three Hamburg terminals climbed even more strongly, by 11.3 percent to 5.2 million TEU. HHLA benefited from the reorganisation of shipping line services here. Growth of 17.3 percent was seen on the high-volume Asian routes, which made a particularly strong contribution to the volume increase in Hamburg. Alongside China – the Port of Hamburg’s most important trading partner – heightened trade with Russia contributed towards a substantial 17.9 percent increase in feeder traffic with the Baltic Sea ports. Revenue in the Container segment rose by 9.9 percent to € 563.6 million (previous year: € 512.7 million). At 21.5 percent, growth in the operating result (EBIT) once again outstripped the rise in volumes, taking it to € 105.2 million (previous year: € 86.6 million).
     
    Further Growth at Intermodal Companies
    The Intermodal segment, the second most important segment in HHLA’s business model, also performed very well. In a highly competitive market environment, HHLA’s transport companies hauled 1.1 million TEU in the first nine months of 2017 and increased container transport by 6.8 percent compared with the same period of the previous year. This trend was driven by growth in both rail and road transport. Revenue in the Intermodal segment grew by 7.7 percent to € 311.8 million (previous year: € 289.5 million). The operating result (EBIT) increased by 10.8 percent to € 55.4 million (previous year: € 50.0 million).
     
    Executive Board Confirms Forecast for Financial Year 2017
    The HHLA Executive Board has confirmed its guidance for the 2017 financial year in light of the Group’s performance over the first nine months. It should be noted that one-off expenses of up to € 10 million are expected in the pro forma Holding/Other segment in the fourth quarter for the harmonisation of the existing pension schemes. These have already been taken into account in the EBIT forecast, however. The Group’s operating result (EBIT) is still expected to be within a range between € 150 million and € 170 million, while the Port Logistics subgroup is expected to generate EBIT within a range between € 135 million and € 155 million, both including possible one-off expenses of up to € 15 million for reorganisation in the Container segment.




2018 December 15

16:23 MOL Passenger Line receives award for outstanding performance in 'Cruise of the Year 2018'
14:53 CMA CGM to implement GRR for India East Coast-West Africa trade
13:51 CMA CGM announces LSS on services from / to China, Hong Kong and Taiwan
12:44 NYK Cruises receives Grand Prix Award for 2018 World Cruise
11:27 TT-Line places order for RoPax "green" ferry with China's Jiangsu Jinling Shipyard

2018 December 14

18:17 Hapag-Lloyd to increase rates from East Asia to Mexico, Central America, West Coast of South America, Caribbean & Panama
17:48 Petersburg Oil Terminal puts into operation its emergency response team
17:33 Vinalines to open container shipping centre next week
17:30 Fairway adjustment will simplify Elbe traffic control already next year
17:27 Final cruise ship for the year calls to the Port of Gothenburg
17:23 The MV Magda joins the Klaveness Bulkhandling pool
17:16 India’s containerised export up 10% in the third quarter of 2018
17:13 FSL Trust announces newbuilding agreement for the construction of two LR2 product tankers
17:13 Havyard project with Havila Kystruten on hydrogen-powered coastal route operations to receive over NOK 100 million in funding from Pilot-E
16:24 World Fuel Services expands bunker operations in US leading up to 2020
15:57 IMO held training workshops in Cameroon Single Window for Foreign Trade Transactions
14:49 Onezhsky Shipyard lays down self-propelled hopper barge of Project HB600
14:08 Irish Continental Group plc takes delivery of cruise ferry W.B.Yeats
13:55 WMU takes part in Ocean Literacy Conference
13:31 First in industry ADNOC co-loads LPG and propylene onto same vessel in Ruwais
13:10 WMU hosted round table discussion regarding key challenges facing IMO
12:53 Bunker market at the Port of Saint-Petersburg, Russia shows mixed price movements (graph)
12:32 Nordic American Offshore secures contract for its PSV NAO Viking
12:11 Rosrybolovstvo supports 2nd Dredging and Hydraulic Engineering Structures Congress
11:50 Association of Commercial Sea Ports celebrates its 30th anniversary
11:24 Gazprom and Itochu sign MoU under Baltic LNG project
11:06 Scorpio Bulkers announces time charter-out agreement
10:48 Domestic ferry safety exercise conducted in Indonesia
10:25 IMO holds training for managing insecurity in west Indian Ocean and Gulf of Aden
10:06 EC adds six new yards to its ‘European List of ship recycling facilities’
09:47 Brent Crude futures price down 0.61% to $61.05, Light Sweet Crude – down 0.4% to $52.37
09:25 GTT notified by HSHI for the tank design of two new LNG carriers for CMM
09:18 Baltic Dry Index is up to 1,365 points
08:06 Fincantieri publishes its Sustainability Plan 2018-2022
07:14 Port of Long Beach cargo volume up to 621,835 TEU in November 2018
06:09 Mitsubishi Shipbuilding holds christening ceremony for LPG carrier "LAUREL PRIME"

2018 December 13

18:43 Coal exports via Rosterminalugol hit 19-millionth tonne mark
18:28 Port of Kaliningrad throughput in Jan-Nov rose 4% to nearly 13 million tonnes
18:25 Tideway completes installation of longest AC offshore wind export cable at Hornsea One in the UK
17:49 Hapag-Lloyd to cancel calls at Port of Bremerhaven
17:25 Building of Johan Sverdrup Phase II begins
17:19 Port of Vyborg 11-month cargo volumes soar 24% to 1.72 million tonnes
17:13 Seabridge first in Belgium to receive the SCA certificate
17:08 Jan De Nul cleans up polluted beaches along the coast in southern France
17:07 Bunker fuel prices at Far Eastern ports close the week lower
17:00 Murmansk Region will improve water safety regulations – Marina Kovtun
16:47 Port of Vysotsk cargo volume in Jan-Nov rises 6% to 16.86 million tonnes
16:36 Maersk Broker Bulk Chartering and NAODAN Chartering
16:30 Murmansk Region Governor is a member of revised State Commission for Arctic Development Issues
16:26 YILPORT Holding wins Port Operator Award at Lloyd’s List Global Awards
16:03 Rosmorport releases RFPs for design of an DF 12/14MW icebreaker
15:49 Jotun and Kansai Paint build relationship to meet marine and protective demand
15:46 Baltic Sea Ports Authority icebreakers assist merchant vessels in the Gulf of Finland
15:21 Containerships receives its first LNG-powered container vessel
14:44 Uncertainty lingers in fuel markets despite OPEC cuts
14:17 Maersk Line receives Containership Operator of the Year award
14:13 Iran-Indonesia to develop port cooperation
13:22 NOIA: U.S. territories need the Offshore Wind for Territories Act
13:12 QPS inks first "Green Loan" with BNP Paribas
12:48 Panama Canal signs agreement with Brazil's Port of Itaqui