Profits fall away at HHLA

German-owned logistics and terminal operator Hamburger Hafen und Logistik AG (HHLA) recorded a positive operating result in the first nine months of 2020 but one that was 38.9 % below the prior-year figure. Revenue also declined (- 8.1 %). Container throughput and container transport recorded declines, due to the loss of a Far East service in Hamburg and blank sailings as a result of the coronavirus pandemic. Although there were ... [+]

German box firms expects earnings droop

Hamburg-headquartered container terminal operator HHLA says it expects a strong decrease in earnings due to the coronavirus pandemic.  It said the current contraction in global economic activity is affecting all areas of the economy, including international trade, which is critical to HHLA. I t said: “It is not possible to make ... [+]

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