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Shipments through port of Hamburg slump 22 per cent
May 18, 2009, 13:10 GMT
Hamburg - Shipments through the port of Hamburg, Europe's second-biggest port, slumped 22 per cent in the first quarter compared to one year earlier, the port marketing company said Monday.
The port, which serves Germany and the Czech Republic, handled 27.3 million tons of goods in the three months, with imports off 23 per cent and exports down 20 per cent.
The data showed a sharp decline in the container trade with China, Russia and Finland.
Last year the German port handled the equivalent of 9.7 million standard shipping containers, a measure known as the twenty-foot equivalent unit (TEU), about one third of them bound for or coming from China.
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