Hamburg box volumes stable as fleet changes character

 FEWER large containerships called Hamburg in the first half of 2024, but volumes remained stable as small and medium ship numbers increased, reports the UK's Seatrade Maritime News.

The Port of Hamburg handled 3.8 million TEU in the first half of 2024, falling by 0.3 per cent compared to the same period last year. The port said the result reflected stable trends in transshipment and continental traffic, but there were changes in the fleet profile.

The number of ships with container capacity calling at Hamburg rose by almost one per cent in the period, driven by medium-sized and smaller vessels. Calls by vessels with larger container capacities were lower across all size classes over 10,000 TEU.

"This trend reflects the impact of the ongoing crisis in the Red Sea, where disruptions caused by Houthi forces 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. On the positive side, additional liner services are now calling at Hamburg," the port said in a statement.

Loaded container volumes rose 0.5 per cent in the first six months and general cargo volumes rose by 4.3 per cent to 585,000 tonnes.

Total seaborne cargo throughput was down by 3.9 per cent compared to last year, led by a decline in coal volumes.

"We can see the trend towards decarbonisation in the bulk cargo figures, reflecting a shift away from fossil fuels towards alternative energy sources. This is particularly noticeable in the 11.8 per cent drop in coal handling over the past six months," explained Axel Mattern, CEO of Port of Hamburg Marketing.

The drop in coal volumes also brought bulk cargo throughput into the red, decreasing by 12.1 per cent to 16.7 million tonnes.

Looking at its main trading partners, Hamburg noted a 14.7 per cent increase in trade with Malaysia 88,000 TEU, and a nine per cent increase in trade with the US to 341,000 TEU. China retained the top spot despite a 2.2 per cent decline to 1.1 million TEU.