Hamburg port's cargo traffic down 6.9%, 2024 forecast tricky, group says

Cargo traffic in the north German port of Hamburg fell by 6.9% last year to 7.7 million standard containers (TEU) and making a forecast for 2024 is difficult, the industry association Port of Hamburg Marketing (HHM) said on Tuesday.

"The decline is primarily due to the difficult geopolitical and economic situation that all market participants are facing," said HHM head Alex Mattern.

The association said there were no bottlenecks hitting the port.