Overview

• HHLA posted a second-quarter operating profit of €43.7 million and revenue of €439.4 million, up 15% and 13.4% year-on-year respectively
• Container throughput rose by around 10% in April-June across HHLA terminals in Hamburg, Odessa, Tallinn and Trieste
• CEO Angela Titzrath stepped down in June after nine years and will be succeeded by Dutch executive Jeroen Eijsink on October 1
• MSC’s entry with up to a 49.9% stake alongside the City of Hamburg continues to fuel conflicts over strategic control
• Supervisory board chair Rüdiger Grube is set to leave by year-end as shareholder representatives criticize a reduced dividend and weigh a squeeze-out of minority holders