The ports of Shanghai and Hamburg are becoming bottlenecks

Dusseldorf The figures for sea freight presented by the head of Kuehne + Nagel on Tuesday make you sit up and take notice: According to Detlef Trefzger, the logistics group doubled its sales on the world seas in the past quarter compared to the previous year, the operating profit before interest and taxes to 607 million euros tripled. The fact that the CEO, who is about to join the board of directors, complained about a “worsening situation in the supply chains” is more likely to worry customers than shareholders.

The transport companies are still earning handsomely from the supply bottlenecks in global trade. For example, competitor DHL managed to double its operating profit in the forwarding and freight division last year. The same applies to the Hamburg port operator HHLA.