HHLA to cut back 2022 investments

HHLA has revised its 2024 forecast upward, citing strong transport volumes and earnings despite global challenges affecting shipping routes.

The order is part of CTB’s transition from manual straddle carrier operations to automated, emission-free AGVs between the quay and storage blocks.

Hamburg’s city parliament approved MSC’s entry as a major shareholder in HHLA, despite opposition, with final approval pending from the European Commission.

Hamburger Hafen und Logistik AG (HHLA) concluded the first half of 2024 with positive figures for both revenue and earnings.

The MSC’s 49.9% purchase of HHLA shares passed the first reading in the Hamburg Parliament, with support from the ruling coalition.

MSC’s bid to become a major shareholder in HHLA is expected to be delayed post-summer pending a Hamburg parliament vote.