Lübeck Port Company is on the Right Track

The business of the Lübeck Port Company (LHG) has noticeably stabilized in the first half of 2022. The core business of LHG (RoRo and intermodal transport) has significantly picked up. The negative impacts of the Russia sanctions have largely been compensated. Therefore, the total throughput of LHG has only slightly decreased by 2 percent to 11.7 million tons.

(Lübeck) The agreement on a new collective agreement for the terminals of LHG effective June 1 of this year allows for an undisturbed workflow in the future.

The RoRo business, in which LHG has maintained its leading position, is also showing a pleasing stability. The number of trailers has increased by 5 percent to over 200,000 units. LHG’s subsidiary Baltic Rail Gate also benefited from this, handling nearly 66,000 units at the intermodal terminal (an increase of about 3 percent).

Restructuring of the Nordlandkai

There have been increases in the handling of iron/steel and other general cargo. In the forestry products sector, however, the structurally induced decline has continued as expected, with signs of weakening.

With the complete restructuring of the Nordlandkai since the beginning of this year, it has already been possible to drastically reduce losses. In June, the Nordlandkai reported a positive monthly result for the first time in a long time. To lead the facility to structurally positive results, the initiated measures still need to be fully implemented.

On the Right Track

Managing Director Sebastian Jürgens states: “There is still much to be done; we are clearly on the right track.”

Photo: © Karl Erhard Vögele