Hamburg Container Volumes Rise 15% on Trade With Asia, Russia

The Port of Hamburg, Europe’s third- largest container harbor, said the number of standard containers rose 15 percent in the first nine months of the year on increased trade with Asia and Russia.

The number of such boxes, known as TEU, increased to 6.8 million in the nine months through September, the port said in a statement today. Total trade volumes rose 11 percent to 99 million tons.

Trade with eastern Europe and Asia is boosting volumes at Hamburg’s port, even as the European debt crisis led to stagnating growth in member states including France and Germany. Container volumes between Hamburg and north-east Asia rose 12 percent while the number of boxes transported between the German port and countries on the Baltic Sea advanced 28 percent in the first nine months of this year.

“We don’t expect to see a decline in the seaborne trade with the important markets of China, Asia, America and the countries in the Baltic Sea region” in 2012, Port of Hamburg Marketing Chief Executive Officer Claudia Roller said today.

Hamburg forecast an increase in container volumes of 14 percent to 9 million TEU and a 10 percent rise in total trade volumes to 133 million tons for the full year.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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