Cruise shipping generates over EUR 1 billion in turnover

Major impact on value creation in Hamburg

3 November 2022

Hamburger Cruise shipping generates annual turnover of EUR 1.03 billion in Hamburg and accounts for EUR 420 million p.a. of gross value added based on 2018 data, a survey commissioned by the Ministry of Economics and Hamburg Cruise Net e. V. in late 2021 has found. The value added by the industry corresponds to around 4,490 additional full-time jobs just under half of which are in the hospitality sector, retail and transport. Around 63 per cent of the value added can be attributed to spending by the shipping companies

HHLA draws positive half-year balance

Group revenue up 9.9 per cent - container throughput on a par with 2021 levels

12 August 2022

Hamburger Hafen und Logistik AG (HHLA) presented its results for the half of 2022 Wednesday (August 10, 2022). The group's revenue rose by 9.9 per cent to EUR 779.5 million over EUR 709.2 million in the previous year while the operating result (EBIT) increased by 11.9 per cent to EUR 101.3 million over EUR 90.5 million. The EBIT margin came to 13.0 per cent over 12.8 per cent in the previous year while profit after tax and minority interests rose year-on-year by 13.1 per cent to EUR 43.9 million over EUR 38.8 million in 2021.

Hamburg's health care sector remains on growth course

Government releases latest figures - share of healthcare sector steadily increasing

14 April 2022

The share of the health care sector increased by 1.4 per cent over the past decade, according to figures published by the German Ministry of Economics for 2020. At EUR 11.6 billion, the sector now generates more than 10 per cent of Hamburg's total economic output and is among the main economic drivers. The health care sector employs some 200,000 staff and accounts for 15.5% of the total labour market in the city. The number of employees has increased by an average 2.6% year-on-year since 2011. That corresponds to significantly stronger growth than in Hamburg's overall labour market (1.2% p.y.) and than in the national health care industry (1.6% p.y).

Highest amount of companies set up in Hamburg since 2008

More than 5,000 start-ups in 2021 - women keen on starting a business

16 March 2022

A record 5,107 start-ups were set up in Hamburg in 2021 - the highest since 2008 (5,311), according to the Northern Statistics Office. That corresponds to an increase of 14.3 per cent over 2020. The number of companies registered by women has also increased significantly. The increase is partly due to to catch-up effects in the wake of the pandemic-induced restrictions. The number of business closures increased by 7.1 per cent over 2020. However, the overall number of start-ups exceeded closures by more than 3,000. Accordingly, there were 2.7 start-ups per 1,000 inhabitants in Hamburg. More than 70 per cent of all business registrations were sole proprietorships, the statistics office added. The proportion of companies registered by women came to 34.5 per cent.

Hamburg top city for skilled workers and quality of life

European Cities & Regions of Future Award presented - city scores in ranking of major European cities - Hamburg praised as "Future City"

15 March 2022

The Hamburg has scooped several awards at the "European Cities & Regions of the Future Award 22/23" presented during the international MIPIM in Cannes. Hamburg came first in the skilled workers and quality of life category and third in the digital networking and economic potential categories. The ranking is drawn up every two years by fDi Magazine, a Financial Times publication, based on the business potential, financial and economic clout of European cities and regions in the categories: Economic Potential, Human Capital and Lifestyle, Business Friendliness, Connectivity, Cost-Effectiveness and FDI Strategy.

Cluster Erneuerbare Energien Hamburg announces new strategy

"Cluster Strategy 2025" to include hydrogen

9 March 2022

The Cluster Renewable Energy Hamburg (EEHH) has announced plans to include hydrogen in its "Cluster Strategy 2025" adopted in late February. Sector coupling is also set to play a far greater role in the future. The idea is to map the entire renewable energy value chain from power generation onshore and offshore wind energy, solar energy and hydrogen to sector coupling and digitalization. The cluster will continue to connect northern German stakeholders, ideas and projects and foster strategic energy partnerships and relationships across Europe and worldwide.

Great opportunities in hydrogen storage

DESY using nanotechnology in novel approach to hydrogen storage

15 February 2022

The Hamburg Metropolitan Region is particularly suitable for a green hydrogen sector,  according to the OECD. Research into the future of a hydrogen ecosystem is being conducted in 12 government-funded, large-scale hydrogen projects alone. Even more research remains to be done into the entire hydrogen ecosystem - from energy-efficient production to transport and storage. A team of researchers from Cologne and Hamburg is now pursuing an innovative approach based on nanoparticles and palladium. The precious metal has the highest absorption capacity and can soak up hydrogen like a sponge.

Hamburg's city centre vibrant despite booming online trade

Plenty of offers for fans of electric cars

9 February 2022

Germany's retail sector generated record sales in 2021 or a nominal rise of 3.1 per cent over 2020, according to the Federal Statistical Office (Destatis). Online retail earned a plus of 30.3 per cent as e-commerce spreads to nearly every industry. Hardly any goods including cars are not available online. A large selection of new and used cars can be found on numerous platforms and depending on the provider, the vehicle can be configured individually and ordered. But as colourful as the virtual world may be and the convenience of buying a car from the comfort of your home, the internet cannot satisfy people's basic need of haptic experiences and real interaction.

New study on cargo bikes for last-mile logistics in Hamburg

Suitable cargo bike infrastructure highlighted
3 February 2022

A new survey entitled "Infrastructure requirements on cargo bikes for use in last-mile logistics" has highlighted the requirements, risks and opportunities of the vehicles, according to a press release in January. The envisaged measures should include enhanced cargo bike infrastructure for zero-emission deliveries, according to the authors of the study. This comes against the backdrop of Hamburg’s climate plan and goal of becoming a "model region for last-mile logistics.

Hamburg Invest presents results - investments high despite pandemic

Major projects by Hamburg's firms noticeable, great demand for consulting services
1 February 2022

Hamburg Invest presented Tuesday (February 1, 2022) key results for 2021 with 9,168 jobs secured or new jobs created, 1,058 companies serviced and an investment of around EUR 752 million. "Following the positive signals from the labour market, Hamburg Invest’s results confirm that the pandemic has not yet had a lasting impact on Hamburg's economy," said Michael Westhagemann, Senator for Economics, at the state press conference." Hamburg Invest's work strengthens Hamburg as a business location in the long term and sustainably. Every euro invested in economic development pays off," Westhagemann stressed.

Tourist numbers continue to rise in Hamburg

Overnight stays in August almost at pre-crisis level - industry optimistic

27 October 2021

A steadily increasing number of tourists visited Hamburg in summer with 1.35 million overnight stays in August alone, according to Hamburg Tourismus GmbH. However, figures have yet to reach the pre-pandemic level of 1.56 million overnight stays in August 2019. The number of overnight stays in the first eight months of 2021 came to merely a third of the pre-crisis level, according to Hamburg Tourism. However, the industry is optimistic as demand in Hamburg is picking up somewhat faster than in other cities in Germany and Europe.

Hamburg tops Smart City Index 2021 for third time

Hamburg defends title as Germany's "smartest" city and scores in mobility category

06 October 2021

The City of Hamburg has topped Germany's Smart City Index 2021 for the third consecutive year, the Bitkom e. V. digital association announced Wednesday (October 6, 2021). The Hanseatic city prevailed over 80 rival cities and improved its score to 88.1 out of a possible 100 points (2020: 79.2 points) followed by Cologne (79.3), Karlsruhe (73.2) and Munich (72.7). The Hanseatic city achieved the best partial ranking in the mobility category (98.56 points).

Digital Hub Logistics - nerve centre of innovations in Hamburg

Established companies meet start-ups

26 September 2021

The Digital Hub Logistics Hamburg brings together companies, investors, start-ups, research and education in the heart of the historic Speicherstadt. An international network of movers and shakers in the logistics sector is treading down new paths to come up with digital solutions for the logistics of tomorrow. In an interview with Hamburg News, Johannes Berg, Managing Director of the Digital Hub Logistics Hamburg, highlights the hub’s commonalities with a gym, the challenges facing the logistics sector and gives insight into plans for the future.