Hamburg port's cargo traffic down 6.9%, 2024 forecast tricky, group says

Hamburger Hafen und Logistik AG

27/02/2024 09:36

BERLIN, Feb 27 (Reuters) - Cargo traffic in the north
German port of Hamburg fell by 6.9% last year to 7.7 million
standard containers (TEU) and making a forecast for 2024 is
difficult, the industry association Port of Hamburg Marketing
(HHM) said on Tuesday. 
    "The decline is primarily due to the difficult geopolitical
and economic situation that all market participants are facing,"
said HHM head Alex Mattern. 
    The association said there were no bottlenecks hitting the
port. 

 (Reporting by Elke Ahlswede; writing by Matthias Williams,
editing by Kirsti Knolle)
 ((matthias.williams@thomsonreuters.com;))