• 2018 May 15 13:02

    HHLA posts results for financial year 2018

    The 2018 financial year has started successfully for Hamburger Hafen und Logistik AG (HHLA), the company said in its press release. Both Group revenue and the Group operating result in-creased in the first three months compared to the same period of the previous year. Both subgroups, the listed Port Logistics subgroup and the Real Estate subgroup, contributed to the good start this year. A 2.6 % increase in container handling was recorded, while container transport declined by 5.3 % due to the realignment of Polzug’s activities. Revenue in the Port Logis-tics subgroup was up 3.3 %.

    HHLA confirms its target for the current financial year of at least keeping revenue stable on par with the high level of the previous year and achieving considerably higher EBIT in the Port Logis-tics subgroup and at Group level.

    Revenue in the listed Port Logistics subgroup increased by a moderate 3.3 % to € 307.3 million in the first quarter. The operating result (EBIT) climbed significantly by 5.9 % to € 44.2 million. The two main pillars of the HHLA business model, the Container and Intermodal segments, contributed to the positive development in EBIT.

    In the Container segment, container handling increased in line with the market, climbing 2.6 % to 1.8 million standard containers (TEU). This development was driven by Asian traffic, which increased considerably by 8.9 %. Due to a lower share of feeder traffic and higher storage fees, revenue increased moderately by 4.9 % to € 191.7 million. Segment EBIT rose by 2.6 % to € 32.7 million. The segment’s EBIT margin amounted to 17.1 %.

    In the Intermodal segment, container transport declined significantly by 5.3 %. This is due to the scheduled realignment of Polzug’s activities as part of its integration into the Metrans organisa-tion. Revenue performed better, with a minimal decline of 0.1 % resulting from a larger rail share and longer transport distances. Segment EBIT increased by a solid 13.4 %, resulting in an EBIT margin of 18.4 %.

    HHLA expects container throughput in 2018 to be in the region of previous year. The container transport volume is also forecast to remain on the previous year’s level, as Polish intermodal traffic is being realigned in the course of its integration into Metrans. At subgroup level, this should mean that revenue is in the region of the previous year.

    The operating result (EBIT) at the Port Logistics subgroup is expected to rise markedly year-on-year in 2018. Earnings will be driven largely by the Container and Intermodal segments.

    Due to virtually full occupancy of HHLA properties in the Speicherstadt historical warehouse district and the Fischmarkt, revenue again climbed a slight 1.4 % to € 9.4 million. In contrast, segment EBIT rose a considerable 5.4 % to € 3.6 million due to increased revenue from existing and newly developed properties. The EBIT margin therefore climbed once again to 38.5 %.

    The operating result (EBIT) at the Real Estate subgroup for the whole of 2018 is expected to come in at approximately € 15 million due to planned, large-scale maintenance work that does not qualify for capitalisation.




2019 January 19

14:02 Deltamarin contracted to continue with Titanic II project
12:51 SGRE launches 10 MW offshore wind turbine
11:44 Algoma increases its interest in the ocean self-unloader Pool

2019 January 18

18:06 North Carolina Ports sets new record in 2018
17:47 Freight turnover of Neva-Metal (Saint-Petersburg) in 2018 climbed by 3% Y-o-Y to about 3.2 million tonnes
17:25 Okskaya Sudoverf obtains patent for state-of-the-art pontoons
17:06 Hamburg prepares for ‘Hard Brexit’
16:44 Throughput of port Primorsk in 2018 fell by 7% Y-o-Y to 53.48 million tonnes
16:23 GTT receives a new order from SHI to design the tanks of two LNG carriers on behalf of Gaslog
16:20 NOVATEK elects new Board of Directors
15:56 Throughput of port Vyborg in 2018 grew by 25% Y-o-Y to 1.93 million tonnes
15:33 Stena Line’s first new generation ferry ‘floats’ in China
15:21 Bunker sales at the port of Singapore in 2018 fell by 1.7% Y-o-Y to 49.8 million tonnes
15:03 Panama Direct service CMA CGM to resume weekly rotations
14:47 Throughput of port Vysotsk in 2018 climbed by 7% Y-o-Y to 18.79 million tonnes
14:33 GranIHC appointed contractor for Equinor’s Peregrino Phase II Project
14:19 Port of Ust-Luga handled 98.72 million tonnes in 2018, down 4% Y-o-Y
14:03 Algoma Central Corporation increases its interest in ocean self-unloader Pool
13:50 18 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 17-18
13:35 Throughput of the Port of St. Petersburg in 2018 up 11% Y-o-Y to 59.32 million tonnes
13:18 CMA CGM unites its Containerships and MacAndrews brands
13:11 Vladimir Putin supports Government’s proposal on expanding Far East Ministry’s functions with Arctic issues
12:49 Throughput of port Kavkaz in 2018 grew by 11% Y-o-Y to 49.276 million tonnes
12:26 MV Werften purchases Neptun Ship Design
12:08 Sakaide shipyard holds naming ceremony for new LNG carrier jointly owned by NYK and JERA
11:38 PGNiG SA signs agreement for oil and gas exploration and production in UAE
11:14 Remote pilotage to be allowed in Finland
10:47 Free zone status is a crucial advantage for the future development of the Freeport of Riga
10:06 Ice restrictions at the port of Ust-Luga come into effect on January 31
09:42 Brent Crude futures price up 0.9% to $61.73, Light Sweet Crude – up 1.09% to $52.64
09:20 Baltic Dry Index is up to 1,077 points

2019 January 17

18:13 PORT OF KIEL presents annual results 2018
17:51 Ice restrictions at the port of Primorsk come into effect on January 25
17:28 Global Ports sets up a common service call centre
17:09 EFIP welcomes and supports the European Parliament position on the Connecting Europe Facility for 2021-2027
17:05 North Sea Port monitoring the Brexit closely
16:44 ABP invests £700K to boost storage at Port of Ipswich
16:27 Global fuel market: still many uncertainties in both demand and supply
16:22 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
16:05 OCEAN Alliance extends duration of OCEAN Alliance to ten years
15:42 COSCO SHIPPING Ports signs agreement with PSA to add two new berths at the terminal in Boao, Hainan
15:31 Liebherr supports the 6th International Forum of Dredging Companies as its Sponsor
15:02 Ocean Yield ASA agrees to acquire a modern Suezmax tanker for a consideration of USD 56.0 mln
14:02 SEACOR Marine enters agreement to acquire three additional platform supply vessels from affiliates of COSCO Shipping Group
13:49 Throughput of Chinese ports grew by 4.2% to 9.22 billion tonnes in 2018
13:32 Jensen Maritime provides design for Shaver Transportation’s new tugboat
13:14 OOCL rolls out third phase of Ocean Alliance product refinements
12:50 Baltic Ports Organization’s schedule for 2019 is set
12:38 Port of Los Angeles breaks all-time cargo record in 2018
12:26 Qatar accedes to load lines convention
12:01 Sunseeker International and Rolls-Royce to present first production yacht with MTU hybrid power in 2020
11:51 Bunker prices continue going down at the Far East ports of Russia (graph)
11:38 Port of Zeebrugge handled 40.1 million tonnes in 2018
11:25 Nor-Shipping reveals stellar line-up for Ocean Leadership Conference
10:52 10 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 16-17
10:28 NOVATEK’s hydrocarbon production totaled 548.4 million boe in 2018, up 6.9% Y-o-Y
10:03 Brent Crude futures price down 0.34% to $61.11, Light Sweet Crude – down 0.54% to $52.03
09:39 Tallink and Taltech to collaborate on developing smart ship solutions
09:17 Baltic Dry Index is down to 1,055 points

2019 January 16

18:36 Kongsberg Gruppen enters into an agreement with Rome AS to divest Kongsberg Evotec