Port of Hamburg throughput rises
THE Port of Hamburg expects a 10 per cent increase in container throughput from the Far East this year to 1.15 million 20-foot equivalent units (TEUs).
The port said container traffic from the North Asian trade - South Korea, China, Hong Kong, Taiwan and Japan - increased 10 per cent to 531,000 TEUs in the first eight months, from 483,000 TEUs in the same period last year.
Asia is the most important trading region for the German port, accounting for 42 per cent of its container turnover.
The port handled more than one million TEUs in Far East trade last year.
It handled a total of 2.5 million TEUs and 66 million tonnes of cargo last year.
This year, the port has projected that it will handle 70 million tonnes of cargo and more than 2.7 million TEUs.
Container volume is forecast to grow by 70 per cent to more than four million TEUs by the year 2000.
Container trade handled by Hamburg with Hong Kong came to 260,000 TEUs last year, of which 72,000 TEUs were exports to Hong Kong plus 188,000 in-coming TEUs.
The port's trade with Taiwan in the same period amounted to 136,000 TEUs, of which 78,000 TEUs were exports and 58,000 TEUs were imports.
German exports to China via Hamburg rose 37 per cent last year, while imports increased 11 per cent.