shipping
The transport of freight along Germany's large inland waterways network continued its long-term decline last year, when 172 million tons were shipped, the Federal Statistical Office (Destatis) reported on Monday. The figure in 2022 was 10 million tons higher, largely as a result of increased shipping of coal used for generating electricity. Freight transport on the inland waterways has fallen by 25.9% since 1990, the year of German reunification, even though total economic output has risen. Compared with 2019, the year before the coronavirus pandemic, the decline up to last year was 16.3%. In ...
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Container shipping through the Red Sea and Suez Canal has declined again in response to the conflict in the Middle East, after recovering to some extent, a German economic think tank reported on Monday. Around 40 container ships are continuing to use the route - which connects Europe to Asia - every day, down from considerably more than 100 a year ago, the Kiel Institute for the World Economy reported in its Trade Indicator. After falling to a low in mid-January as a result of attacks mounted by Yemen's Houthi rebels on commercial vessels in the Red Sea, the number rose to around 50, but has n...
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Fewer goods passed through Germany's Port of Hamburg last year, with turnover down by 4.7% compared to the previous year, the operator said on Tuesday. A total of 114.3 million tons of cargo were handled at the port in 2023, according to Axel Mattern, head of Port of Hamburg marketing. Imports accounted for 65.6 million tons, while exports amounted to 48.6 million tons, Mattern said. "We have another particularly challenging year behind us in 2023," he said. The port continued to see the impact of "slowing momentum in global trade" as well as "reduced demand in all of the Port of Hamburg's key...
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