Russia-Hamburg Box Traffic Grows on WTO Entry

Russia’s decision to join the World Trade Organization , resulting in associated simplifications in commercial law, as well as the dismantling of trade barriers. “We’re particularly pleased that Hamburg managed to raise its share of container traffic in St. Petersburg to 25.3 percent last year,” said Axel Mattern, executive board member of Port of Hamburg Marketing, in a written statement. “That’s 1.6 percentage points more than in 2011, which indicates enlarged market share within the North Range ports for this route.” Just under 95 percent of the total direct traffic between Russia and Ham…

Read more