• 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 June 17

18:40 Port of Oakland's largest terminal operator OK new lease to 2027
18:38 GoodBulk Ltd. announces delivery of Capesize vessel
18:32 Navios Maritime Partners announces sale of containership and options to sell four additional containerships

2018 June 15

18:35 Hapag-Lloyd implements Peak Season Surcharge from Mediterranean to USA
18:05 Wallenius Wilhelmsen Ocean adds Adelaide on the Australia service
17:54 Throughput of port Kaliningrad in 5M’18 up 12% Y-o-Y to 6.05 million tonnes
17:35 GTT conducts two FEED studies on two types of Gravity Based System
17:20 Throughput of port Vyborg in 5M’18 up 22% Y-o-Y to 610,900 tonnes
17:05 Port of Koper officially part of the New Silk Road
16:40 Yantar Shipyard launches yet another trawler of Project SK-3101R
16:35 Port of Long Beach volume up to 687,427 TEU in May 2018
16:05 Royal IHC joins PortXL
15:45 Throughput of port Vysotsk in 5M’18 declined by 3% Y-o-Y to 7.49 million tonnes
15:22 Main phase of Nizhegorodsky hydrosystem project obtains state expert approval
15:21 VTG FastTrack makes ad hoc transportation from the Port of Hamburg possible
15:00 Vopak opens new rail infrastructure in the port of Antwerp
14:21 Royal IHC and IHC IQIP sign memorandum of agreement with SOIC
14:09 DNV GL issues first type approval for aluminium cables onboard ships
13:16 Throughput of port Primorsk in 5M’18 down 18% Y-o-Y to 22.63 million tonnes
12:48 Bunker prices are down at the Port of Saint-Petersburg, Russia (graph)
12:27 Innovative solution for lowering of ship emissions tested in the port of Rotterdam
12:23 LUKOIL commissions third well at Filanovsky field second stage
11:59 Throughput of port Ust-Luga in 5M’18 down 1% to 41.48 million tonnes
11:31 Throughput of Big Port St. Petersburg up 16% to 24.73 million tonnes in 5M’18
11:02 Lloyd’s Register and TWI launch Fullagar Technologies
10:30 Kotug Smit Towage performs naming ceremony for Damen tugs Rotterdam & Beagle
10:24 Brent Crude futures price down 0.14% to $75.83, Light Sweet Crude – down 0.09% to $66.83
10:02 Seaports of Ukraine handled 54.3 million tonnes of cargo in 5M’18, down 2.1% Y-o-Y
09:40 Throughput of Russian seaports in 5M’18 grew by 2.7% Y-o-Y to 328.4 million tonnes (detalization)
09:19 Baltic Dry Index up to 1,433 points

2018 June 14

18:03 CMA CGM announces FAK rates from East Mediterranean ports to Gulf and Red Sea
17:47 Throughput of port Kavkaz in 5M’18 up 37% Y-o-Y to 15.34 million tonnes
17:33 APL unveils new China Southeast Asia Service 8
17:30 Specifications of products to be rated as manufactured in Russia will be updated
17:03 Pasha Hawaii receives new refrigerated containers as part of container replenishment program
16:48 State Duma approves federal law on setting rouble prices for services offered in Russian seaports (document)
16:33 Long Beach Harbor Commissioners adopt port budget
16:16 Rosmorport announces tender for dredging works in water area of port Vanino
16:03 Prosafe extends standstill agreement with Cosco
15:50 Vyborg Shipyard to deliver two 22 MW icebreakers of Project IBSV01 by November’18
15:32 Huisman and RAMLAB start project for the production of 3D large offshore crane hook
15:19 FESCO fleet began supplying of goods to northern Russia
15:02 HMM, Evergreen and APL launch China-Australia express service
14:32 Keppel delivers second rig to Borr Drilling
14:20 Commercial Sea Port of Ust-Luga accepted and handled a Panamax ship
14:02 MOL's newbuilding coal carrier OI MARU to serve JERA Trading
13:47 Global fuel market is waiting for some clarity from the Vienna meeting next week, expert says
13:46 Three nuclear-powered icebreakers of Project 22220 will be delivered by 2021 – USC
13:32 DFDS orders additional freight ferry newbuilding from Jinling Shipyard
13:02 TechnipFMC and DOF Subsea announce the delivery of Skandi Recife and commencement of contract with Petrobras
12:44 WMU joins in Malmö coastline clean-up for World Oceans Day 2018
12:25 APM Terminals offers new gateway to Iraq
11:43 Extensive geotechnical investigation of the Port of Riga territory commenced in Spilve meadows
11:19 Bunker prices is growing at the Far East ports of Russia (graph)
10:21 Brent Crude futures price down 0.31% to $76.5, Light Sweet Crude – down 0.09% to $66.58
10:00 Baltic Workboats is renewing the Danish pilot boat fleet
09:38 Major amphibious ship Ivan Gren to join Russian Navy before late June 2018
09:17 Baltic Dry Index up to 1,404 points

2018 June 13

18:35 ESPO congratulates Port of Dunkerque for obtaining EcoPorts’ environmental standard (PERS)
18:05 CMA CGM announces FAK rates from Asia to North Europe