This Domain is for Sale. To make an offer please get contact.
Make an Offer
  • Home
  • News
  • Technology
  • Law & Regulations
  • Informative
  • Tug&Barge&Salvage
Maritime and Salvage Wolrd News - Latest Ship Technologies
No Result
View All Result
No Result
View All Result
Maritime and Salvage Wolrd News - Latest Ship Technologies
No Result
View All Result

Hamburg Port Expects ‘Drastic’ Russia Sea Trade Downturn in 2015

marinesalvage by marinesalvage
July 2, 2024
in News
0
port hamburg
port hamburg

Hamburg Port Expects ‘Drastic’ Russia Sea Trade Downturn in 2015

By Nicholas Brautlecht

(Bloomberg) — Hamburg authorities count on the decline in seaborne commerce with Russia to speed up this yr as a lagging impression of the weak ruble cripples commerce with the port’s second- largest companion.

With Russian automobile gross sales tumbling by 1 / 4 in January, a supervisor of Germany’s largest harbor mentioned exports have been significantly hit by slowing demand for European automotive components.

“Transport of automobile components from Europe to Russia has almost come to a standstill as Russia’s authorities needs to chop down on imports to spice up its personal trade and as Russians merely lack the cash to purchase automobiles,´´ Axel Mattern, a Hamburg Port Marketing board member, mentioned in an interview.

The hunch in crude oil costs and sanctions over Ukraine have dragged Russia towards its first financial contraction since 2009. Seaborne commerce between Hamburg, Europe’s second-biggest container port after Rotterdam, and Russia dropped 7.8 % to 662,000 normal packing containers final yr.

‘‘Sea transport is hit with a time lag, as we have certain order periods and while Russian firms still ordered abroad last year, they can’t try this anymore,” Mattern mentioned. “We count on a drastic decline in Russia commerce this yr.´´

Hamburg, whose largest terminal operator is Hamburger Hafen & Logistik AG, serves as a serious switch hub by way of which containers carried by deep-sea ships from Asia are reloaded on to smaller feeder vessels destined for Baltic Sea ports, together with St. Petersburg.

Canned Food

Goods exported to Russia from Hamburg embody meat, automobiles components, canned meals, milk merchandise and metals, whereas coal, crude oil, paper and chemical merchandise are imported.

A 9.8 % rise in commerce with China, Hamburg’s prime buying and selling companion, helped compensate for the Russian decline final yr. The port dealt with 2.97 million containers shipped from or to Chinese ports, serving to to spice up Hamburg’s complete container quantity by 5.1 % to 9.7 million normal packing containers, or TEUs.

This yr, Hamburg expects container site visitors to achieve the 10-million TEU mark, which might eclipse a 2007 document of 9.9 million, in response to port figures.

Total seaborne cargo volumes already hit an all-time excessive final yr, rising 4.8 % to 145.7 million metric tons, the harbor mentioned in the present day.

Copyright 2015 Bloomberg.

Hamburg Port Expects ‘Drastic’ Russia Sea Trade Downturn in 2015

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content material, insider opinions, and vibrant group discussions.

Sign Up

Source of This New

Tags: port of hamburg
Previous Post

Japan Backs Ship Beaching Yards in India

Next Post

TotalEnergies Awards New Contracts to Siem PSV Pair in Brazil

Related Posts

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located
News

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located

July 13, 2024
capesize bulk carrier terminal iron ore dry bulk
News

Capesize Rates at Six-Year Lows, Could Slide Further

July 13, 2024
jennifer turecamo moran tug chesapeake bay winter
News

Cold Morning on the Chesapeake

July 13, 2024
Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV
News

Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

July 13, 2024
Eco Marine Power and Nakashima Propeller Cooperate on Composites
News

Eco Marine Power and Nakashima Propeller Cooperate on Composites

July 12, 2024
odfjell
News

Odfjell Announces Layoffs, Reduction of European Officers

July 12, 2024
Next Post
TotalEnergies Awards New Contracts to Siem PSV Pair in Brazil

TotalEnergies Awards New Contracts to Siem PSV Pair in Brazil

Quick Search

No Result
View All Result

Recent Posts

  • Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located July 13, 2024
  • Capesize Rates at Six-Year Lows, Could Slide Further July 13, 2024
  • Cold Morning on the Chesapeake July 13, 2024
  • Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV July 13, 2024
  • Eco Marine Power and Nakashima Propeller Cooperate on Composites July 12, 2024

Categories

  • Informative
  • Law & Regulations
  • News
  • Technology
  • Tug&Barge&Salvage
Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located
News

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located

by marinesalvage
July 13, 2024
0

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located By Fathiya Dahrul and Rieka Rahadiana (Bloomberg) — Divers...

Read more
capesize bulk carrier terminal iron ore dry bulk

Capesize Rates at Six-Year Lows, Could Slide Further

July 13, 2024
jennifer turecamo moran tug chesapeake bay winter

Cold Morning on the Chesapeake

July 13, 2024
Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

July 13, 2024
Eco Marine Power and Nakashima Propeller Cooperate on Composites

Eco Marine Power and Nakashima Propeller Cooperate on Composites

July 12, 2024
Maritime and Salvage Wolrd News - Latest Ship Technologies

© 2023 - Marine-Salvage.net

Navigate Site

  • Home Page
  • Privacy Policy
  • Contact Us
  • About Us

Follow Us

No Result
View All Result
  • Home
  • News
  • Technology
  • Law & Regulations
  • Informative
  • Tug&Barge&Salvage

© 2023 - Marine-Salvage.net

Manage Cookie Consent
We use cookies to optimize our website and our service.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}