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HAMBURG: May 09, 2019. The OCEAN Alliance 14,424 TEU MV Taurus is the first containership in the Alliance’s Asia service Loop 7 to call the Port of Hamburg. The service is part of a new ‘Day 3’ product from CMA CGM, Cosco, Evergreen and OOCL.

The group has 330 containerships in 38 services for a total capacity of 3.8 million TEU. With Loop 7, six out of seven OCEAN Alliance Asia-North Europe services call at Hamburg. In total 21 liner services currently sail to and from Asia, of which 14 are container liner services.

MV TaurusEvergreen operates Loop 7 with 10 vessels ranging in size from 13,000 to 14,000+ TEU linking the port on a weekly basis via Port Klang, Ningbo, Shanghai, Kaohsiung, Shekou and Colombo.

The Hamburger Hafen und Logistik (HHLA) reported a 10.3 percent rise in Q1 revenue to €347.6 million and an operating result (EBIT) of €59.7 million, an increase of 24.5 percent over the same period last year.

HHLA’s Executive Board chairwoman Angela Titzrath commented: “The results attained in the first quarter provide a firm basis for us to reach our guidance for the year. We are therefore intensifying our efforts to systematically implement our strategy, which is focused on strengthening our creative power and future viability.”

Hamburg-based Hapag-Lloyd reflected the port’s results with an EBIT of €214 million compared to €51 million in Q1 2018. Net profit rose to €96 million from a loss of €34 million in the same period.

“Thanks to higher transport volumes, better freight rates and a stronger US dollar, we achieved a good result and got the year off to a very decent start,” said Hapag-Lloyd CEO Rolf Habben Jansen.

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