Defence Monitor

Angela Titzrath

Largest German port reports good 2022 result despite global ship congestion

Largest German port reports good 2022 result despite global ship congestion

Berlin, March 24 (IANS) Hamburg, Germany's largest port, achieved a "good result" in 2022 despite global supply chain problems caused by ship congestion, operator Hamburger Hafen und Logistik AG (HHLA) said. While earnings before interest and taxes (EBIT) fell slightly year-on-year to 220.4 million euros ($240.2 million), sales increased by 7.7 per cent to 1.6 billion euros, Xinhua news agency reported. "HHLA reliably fulfils its remit to ensure secure supply within Germany and Europe," Chief Executive Officer Angela Titzrath said on Thursday in a statement, stressing that 2023 would be another year with "much uncertainty". After peaking at almost 14 per…
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