Germany’s Asian Gate Threatened by River Elbe: Freight Markets

Germany’s largest container port may lose the world’s biggest freight ships to Belgium and Holland unless it can push through plans to deepen the River Elbe.
Environmental groups and a neighboring state opposed to the 385 million-euro ($516 million) project have delayed it for three years, preventing the biggest container ships from entering the northern port of Hamburg at full capacity. Shares of Hamburger Hafen und Logistik AG, which handles two thirds of the containers that go through the shipping hub, have dropped 42 percent since 2007.
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Source: Bloomberg