Stabilization compared to the previous year
Lübeck Port Company on a good course
The business of Lübecker Hafen-Gesellschaft (LHG) stabilized noticeably in the first half of 2022. LHG's core business (RoRo and intermodal transport) has picked up significantly. The negative effects of the Russia sanctions were largely offset. As a result, LHG's total throughput fell only slightly by 2 percent to 11.7 million tons. The agreement on a new collective wage agreement for LHG's terminals as of June 1 of this year means that an undisturbed workflow can be expected for the future.
The RoRo business, in which the LHG was able to maintain its leading position, was again pleasingly stable. The number of trailers increased by 5 percent to over 200,000 units. The LHG subsidiary Baltic Rail Gate also benefited from this, handling almost 66,000 units at the intermodal terminal (up around 3 percent). Volume growth was recorded in the handling of iron/steel and other general cargo. In the forest products sector, on the other hand, the structural decline continued as expected - with a downward trend.
The complete restructuring of Nordlandkai since the beginning of this year has already succeeded in drastically reducing losses. In June, Nordlandkai posted a positive monthly result for the first time in a long time. In order to lead the facility structurally into positive results, the measures introduced still need to be fully implemented. Managing Director Sebastian Jürgens explains: "There is still a lot to do; we are clearly on the right track."
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