 | |
| Company type | Aktiengesellschaft |
|---|---|
| FWB: HHFA | |
| Industry | Logistics,transportation |
| Founded | 7 March 1885[1] |
| Headquarters | Hamburg,Germany |
Key people |
|
| Services | Container terminals,cargo handling and transport |
| Revenue | € 1,382.6 million(2019)[4] |
| € 221.2 million(2019)[4] | |
| € 137.1 million(2019)[4] | |
| Total assets | € 2,610.0 million(2019)[4] |
| Total equity | € 578,862 thousand(2019)[4] |
Number of employees | 6,296(2019)[4] |
| Website | www.hhla.de |
Hamburger Hafen und Logistik AG (abbreviatedHHLA), known until 2005 asHamburger Hafen- und Lagerhaus-Aktiengesellschaft, and prior to that asHamburger Freihafen-Lagerhaus Gesellschaft (HFLG) since 1885,[5] is a Germanlogistics andtransportation company specialising in port throughput andcontainer and transport logistics.
HHLA'score business is divided into four business segments:[6]
As of 31 December 2019, the company employed 6,296 people worldwide, and generated revenue of €1.38 billion.[4]
Shares in the Port Logistics subgroup ("Class A shares") have been listed since November 2007.[7] Class A shares in HHLA were included in theMDAX from 2008 to 2013[8] before becoming part of theSDAX in June 2013.[9] The Real Estate subgroup covers the company's properties that are not specific to port handling, with its shares listed as "Class S". These cannot be freely traded and are entirely owned by the City ofHamburg.[10] HHLA's administrative headquarters is known as theSpeicherstadtrathaus.[11]
HHLA operates three of the fourcontainer terminals in thePort of Hamburg:[12]
In 2019, about 7.6 million TEU were handled here (2018: 7.3 million TEU).[4]As of 2018, the shipping companyHapag-Lloyd owned a share of 25.1% in the terminal.[19]
In June 2018, HHLA acquired the largest Estonian terminal operatorTransiidikeskuse AS (headquartered inMuuga). At the time, the container terminal had a handling capacity of approximately 300,000 TEU.[20] HHLA's Container segment also includes a number of services related to container handling offered by its subsidiaries.[citation needed] As of 2019, HHLA also owned a container terminal at thePort of Odesa.[21]
This segment covers container transport byrail androad.[22] The sector includes the transport companyMetrans and road transport companyContainer-Transport-Dienst (CTD).Metrans operates container trains from its own terminals in the Czech Republic, Austria, Slovakia, Hungary, Poland and neighbouring countries;[23] CTD covers the area surrounding theHamburg Metropolitan Region by road.[24] In 2012, HHLA sold its 50% share inTFG Transfracht toDeutsche Bahn,[25] and in 2018,Polzug Intermodal merged withMetrans.[26] In 2019, the intermodal companies transported a total of 1.6 million standard containers by rail and road.[4]
This segment incorporates warehouse logistics and special handling, consulting, and variousStart-ups.[27] It includes a number of equity holdings and subsidiaries, including the consulting firmHPC Hamburg Port Consulting. The fruit terminal atO'Swaldkai is also part of this segment.[28] At the same port is a RoRo terminal handling rolling cargo (RoRo).[29] Together withSalzgitter AG, HHLA also operates theHansaport, Germany's largest terminal forbulk cargo.[30]
HHLA develops, designs and operates commercial properties. These include theSpeicherstadt historical warehouse district, the area surrounding theFischmarkt Hamburg-Altona as well as other logistics facilities and office buildings in and around the Port of Hamburg.[31]
The company supports and oversees the development of start-ups and holds investments in technology companies in the areas ofdrone technology[32] and3D printing.[33] It co-founded the joint ventureHyperport Cargo Solutions to develop a component to bringHyperloop technology to ports.[34]
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Hamburg's state quay administration was founded in 1866.[35] Its role included organisingtransloading for the city and the maintenance of both thewharfs and the equipment and machinery on them. In March 1885, the city founded theHamburger Freihafen-Lagerhaus-Gesellschaft (HFLG).[1] As part of Hamburg's inclusion in the German Imperial customs system, the company's role was to build and maintain the world's most modern and largest logistics centre at that time – Hamburg'sSpeicherstadt historical warehouse district.[36] It was anAktiengesellschaft from the very beginning, with the city contributing the property andNorddeutsche Bank the capital. Construction of the Speicherstadt warehouse district began in 1885 and was largely completed by 1912.[37] By 1913, the Port of Hamburg was the third-largest in the world behind the ports ofLondon andNew York.[38]
DuringWorld War I (1914–1918), theRoyal Navy blocked the seaports of theGerman Reich.[39] This brought business in Hamburg and its port to a complete standstill.[40] In theTreaty of Versailles, the allied powers forced Germany to give up the majority of itsmerchant navy.[41] Companies such asHAPAG were, however, able to retool in the coming years.[42] In 1927, the City of Hamburg became the sole shareholder in HFLG.[43]
The effects of theGreat Depression (from 1929),protectionism in many industrial countries, the seizure of control by theNational Socialists (1933) and theirautarky policy sawcross border trade drop to levels lower than before the crisis.[44] In 1935, HFLG merged with the state quay administration to become theBetriebsgesellschaft der hamburgischen Hafenanlagen. As well as operating the port facilities, it was also responsible for their upkeep and expansion. In 1939, the company was renamed, becomingHamburger Hafen- und Lagerhaus-Aktiengesellschaft (HHLA).[35] DuringWorld War II, HHLA employedforced labour.[45] Allied bombers attacked the Port of Hamburg multiple times, destroying large parts of it.[46]
The Second World War ended in May 1945. The Port of Hamburg had suffered further damage. Around 90% of the quay shed area was destroyed, and two thirds of the warehouses were left unusable. Large parts of the quay walls lay in ruins. Almost 3,000 shipwrecks prevented regulated shipping movements. The reconstruction of the port was largely completed by 1956.[47]
1967 saw the opening of the "Übersee-Zentrum". It was, at the time, the world's largest distribution shed and was used as a distribution facility for mixedbreak bulk cargo.[48] It remained in use until 2016.[49] The firstcontainer ship docked in the Port of Hamburg in 1968. It was handled atBurchardkai – where HHLA later built theContainer Terminal Burchardkai – usingcontainer cranes.[50] In 1970, new port order regulations relieved HHLA of all sovereign functions. This created competition between companies in the port industry.[51] In 1978, HHLA opened its new fruit and cooling centre for fruit and refrigerated goods, which has been modernised multiple times in the years since.[52]
In 1990, many of the formerEastern Bloc states became independent after thedissolution of the Soviet Union. The Port of Hamburg was soon able to resume handling cargo for these countries (itsHinterland was now much larger). HHLA began to invest in a number of companies that organised container transport on the railway network, and the volume of cargo that they handled rose.[53]
On 25 June 2002, the first container ship was handled at the new Container Terminal Altenwerder (CTA) .[54] On 1 October 2005, the company changed its name toHamburger Hafen und Logistik AG. The abbreviation HHLA remained.[55]
HHLA was retroactively split into the subgroupsPort Logistics andReal Estate with effect from 1 January 2007.[56] On 2 November 2007, the Port Logistics subgroup was listed on the stock exchange.[7] Since itsinitial public offering in October 2007, HHLA shares have been traded on thePrime Standard at theFrankfurt Stock Exchange and theHamburg Stock Exchange.[57][58]
In 2010, Burchardkai and am Tollerort were fused to decrease costs after a decrease of 30 percent in container business and 20 percent in across land logistics in 2009. There had been delays in the digging of theElbe to deepen it for large container ships.[59]
In early 2023, Chinese shipping firmCosco bought one of the three terminals, which caused protests by the German government coalition (Scholz cabinet)and from abroad. In September 2023 it was reported that billionaireKlaus-Michael Kühne wanted to take over HHLA.[60] which was followed by an offer of SwissMSC of nearly 1.3 billion euros.[61][62]
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