• 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.




2018 October 21

08:54 20,000 TEU COSCO SHIPPING Sagittarius named in Shanghai
08:50 CFO Paul Smits leaves the Port of Rotterdam Authority
07:52 COSCO SHIPPING starts shipment of Toyota exhibits

2018 October 20

08:47 Boskalis, Van Hattum en Blankevoort and Mobilis construct deep-sea quay for the new HES Hartel Tank Terminal at Maasvlakte
08:10 Navios Partners announce filing of F - 1 for direct listing of Navios Containers
08:06 Maersk Line increases FAK rates for Northern Europe to Middle East and ISC trade
08:04 U.S. Navy contracts Austal to order materials for EPF 13
07:44 EU Commission launches the European Network of U-space Demonstrators

2018 October 19

18:42 ABN AMRO, Samsung SDS and the Port of Rotterdam Authority launch container logistics blockchain pilot
18:07 Stena Line's battery hybrid vessel completes its first month of operation
17:56 ABN AMRO, Samsung SDS and Port of Rotterdam Authority launch container logistics blockchain pilot
17:35 Port of Gdansk participated in the CILF 2018 fair in China
17:11 Gdansk pays a visit to Singapore
16:57 Testbed established for Internet of Ships Open Platform
16:48 Finland’s Water Transport Act aims to improve safety and increases preparedness for the future
16:26 World’s largest LNG bunker supply vessel “Kairos” started its voyage to Europe
16:04 KN will motivate its employees with the company's shares
15:42 New Falck training centre on the Maasvlakte officially openes
15:20 Seimas members visiting Klaipėda discussed benefits provided by LNG terminal
14:59 Ukraine plans dredging of 16.33 million cbm of material in 2019
14:37 UN agencies delivering on maritime security
14:15 Hapag-Lloyd starts new Red Sea service
14:00 Atomflot: shipments from Arctic LNG and Yamal LNG to be assisted by diesel and gas powered icebreakers
13:31 MOL's newbuilt LNG carrier "MARVEL EAGLE" to transport LNG from Cameron project in U.S.
13:11 NIBULON Shipbuilding and Repair Yard launches POSS-115 Project tug
13:05 BigLift Barentsz sails Northern Sea route for Pioneering Spirit
12:48 Glavgosexpertiza approves reconstruction of KSK grain terminal to increase its capacity to 4 million tonnes
12:22 Q&A with ImageSat International released ahead of SMi’s 4th annual Maritime Reconnaissance and Surveillance Technology conference
12:05 FESCO wins tender for supplying Indian Research Stations in Antarctica in 2019
11:43 Competition for designing and construction of LNG-powered icebreaker to be announced in late 2018 - early 2019
11:20 North Sea Giant turns to The Switch EBL technology
10:54 NOVATEK to place four FLNG facilities on the Northern Sea Route
10:31 RF Navy’s major amphibious ship Ivan Gren enters North Sea
10:07 Port of Vancouver closes 2018 cruise season
09:56 Brent Crude futures price up 0.4% to $79.61, Light Sweet Crude – up 0.35% to $68.89
09:38 Tackling maritime emissions - IMO rolls out ship and port toolkits
09:29 Expert forecasts more favorable ice situation on Northern Sea Route for 30 years ahead
09:15 Baltic Dry Index is up to 1,565 points
09:07 Hapag-Lloyd, CMA-CGM and COSCO enhance GEM service - covering Mediterranean with the Middle East / ISC
08:37 Samskip launches Netherlands-Italy multimodal rail service
08:07 SEA\LNG submits open comment on the draft supplemental environmental impact statement for Puget Sound LNG facility
07:20 Van Oord awarded offshore contract for the West White Rose Project

2018 October 18

18:03 VSDV opens new crossdock location in the port of Amsterdam
17:33 The first vessel in Klaveness Combination Carriers next generation of combination carriers named at New Yangzi Shipyard in China
17:17 Cargo transportation via Northern Sea Route can reach 17 million tonnes in 2018
17:03 Savannah container trade up 12 percent in September 2018
16:55 PGRK: sales strategy of Pavlovskoye deposit project is focused on foreign markets
16:33 SITC Logistics Group signs strategic cooperation agreement with Chengdu Port Investment Group and Guangzhou Port Logistics Group
16:03 NYK and Horiba to develop a new sulfur-in-oil analyzer for ships
15:34 Thames freight volume rises by 40% as Thames Vision strategy starts to bear fruit
15:33 Port of Rotterdam Authority and research institute TNO present results of the study at IMO meeting
15:31 Dublin Port volumes grow by 4.7% in first nine months. By year end, 36% growth in just six years
15:03 Chinese Lingang group invests 85 million euros in Zeebrugge inner port
14:47 Practical aspects of LNG bunkering to be discussed at the dedicated conference in Moscow on October 24
14:33 Nouryon, Tata Steel, and Port of Amsterdam partner to develop the largest green hydrogen cluster in Europe
14:24 Bunker prices may change irregular next week amid rising volatility on global fuel market, expert says
14:11 Tallink and Rauma marine constructions sign letter of intent for the construction of new shuttle ferry
14:02 VesselMan and DNV GL team up to offer optimized solution for dry-docking management
13:30 Project Forward paves the way for meeting IMO’s reduction on CO2 emissions
13:14 Equinor’s share saving plan allocates shares