Hamburg holds and lowers its fees

Hamburg’s pilots and the Elbe River pilots have also agreed to forego the increase in pilotage charges already fixed for 2010.

In addition to the volume rebate of up to 50% for additional traffic, which is already in place, a time-limited transhipment incentive system is also planned to be introduced that could save up to 50% of the cost per box.

At the same time further expansion and improvement of port infrastructure will take place to cater for future trade needs and growth, with an estimated €1bn (US$1.4bn) of the proceeds generated by the sale of HHLA shares in 2007 being spent over the coming four to five years.