Port of Hamburg handled 3.8 million TEU in the first half of 2024
Container handling in the Port of Hamburg remained steady in the first half of 2024, with 3.8 million TEU processed, according to the company's release.
The impact of the energy transition is becoming increasingly evident, particularly with the decline in coal volumes, which has contributed to a decrease in bulk cargo throughput. The port handled a total of 55.9 million tonnes of seaborne cargo during this period.
There was notable growth in both the number of container ship calls and the share of rail transport in seaport hinterland traffic.
Despite challenges in the Red Sea region and moderate economic performance in Germany, container handling stayed consistent. From January to June 2024, the Port of Hamburg processed 3.8 million TEU, maintaining a nearly unchanged level compared to the first half of last year (-0.3 percent). Loaded container volumes showed a slight increase of 0.5 percent, reaching 3.4 million TEU. The handling of conventional general cargo also posted positive results, increasing by 4.3 percent to 585,000 tonnes. Overall, general cargo throughput remained stable at 39.2 million tonnes (+/- 0.0 percent). Total seaborne cargo throughput in the first half of the year amounted to 55.9 million tonnes, a 3.9 percent decrease year-on-year. The impact of the energy transition is becoming increasingly evident in bulk cargo handling, particularly with the decline in coal volumes.
"We can see the trend towards decarbonization in the bulk cargo figures, reflecting a shift away from fossil fuels towards alternative energy sources. This is particularly noticeable in the 11.8 percent drop in coal handling over the past six months," explained Axel Mattern, CEO of Port of Hamburg Marketing. This decline also affected overall bulk cargo throughput, which decreased by 12.1 percent to 16.7 million tonnes.
When comparing the top ten trading partners, Malaysia stands out for the first six months of 2024. The cargo volume with the country increased by 14.7 percent to 88,000 TEU, placing it in tenth position. U.S. trade also continued its upward trajectory, with 341,000 TEU handled – a 9.0 percent increase – solidifying the U.S. as Hamburg's second-largest trading partner. China maintained its top position, with a total of 1.1 million TEU (-2.2 percent). Turkey continued its positive trend from the past four years, with a 26.7 percent increase compared to the same period last year. It now ranks twelfth in Hamburg’s trade volume, having moved up six places in the first half of the year.
The number of ships with container capacity calling at the Port of Hamburg increased slightly in the first half of 2024, reflecting an uptick of nearly one percent. This growth was primarily driven by medium-sized and smaller vessels, as calls by large container ships with over 10,000 TEU capacity declined across all size classes compared to the same period last year. This trend reflects the impact of the ongoing crisis in the Red Sea, where disruptions caused by Houthi rebels have led shipping companies to choose the longer route around the Cape of Good Hope. This detour extends sailing times to and from Asia by up to 15 days and has prompted adjustments in liner services.
Rail's share of TEU rose to 50.8 percent in the first half of the year, with 1.3 million TEU handled, representing a 3.1 percent increase. In terms of tonnage, rail transport's share grew by 1.2 percent, reaching 23.4 million tonnes.
