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Eurogate's terminals up 0.4pc to 14.6 million TEU in 2016
EUROPE's largest terminal operator, Eurogate, handled 14.6 million TEU at its 14 terminals in 2016, representing a year on year increase of a 0.4 per cent. Strong growth at its terminals in Italy helped offset flat volumes in Germany and declines in Russia, Portugal, and Morocco.
The company experienced promising growth in the first half of the year, but the second half was impacted by "turbulences" in the shipping industry, including the collapse of Hanjin Shipping, Eurogate said.
However, the company said "2017 promises to be an outstanding year for all market participants" following the consolidation of container shipping lines and the realignment of carrier alliances, reported IHS Media.
German traffic stalled at 8.23 million TEU, with the Bremerhaven terminals down 0.6 per cent at 5.49 million TEU, and Hamburg 0.9 per cent lower at 2.26 million TEU.
Volumes at the Jade Weser terminal in the German deep-sea port of Willhelmshaven rose by 12.9 per cent to 481,720 TEU, helped by Asia-Europe services operated by the 2M alliance of Maersk Line and the Mediterranean Shipping Co.
Container throughput at Eurogate's five Italian terminals, operated by Contship Italia, in which the terminal operator has a 33 per cent stake, rose by 4.6 per cent to five million TEU.
The Ust-Luga terminal on Russia's Baltic coast recorded a 4.3 per cent decline to 82,203 TEU owing to the sanctions against Russia and lower Russian oil earnings.
Volumes at the Tangier transshipment hub in Morocco declined by 8.4 per cent to 1.13 million TEU. Container throughput dived 25 per cent at the Lisbon terminal to 155,000 TEU.
Eurogate expanded its Mediterranean footprint last year with a contract to operate a 500,000-TEU capacity container terminal at Limassol, Cyprus.
"We are looking expectantly and confidently ahead to 2017, a year that will bring many changes," said chairman of the Eurogate management board, Michael Blach.
"The shipping lines have formed new alliances. We view this optimistically ... for with its three north German terminals, Eurogate is excellently positioned to meet the requirements of the major shipping alliances and their mega containerships."
The company experienced promising growth in the first half of the year, but the second half was impacted by "turbulences" in the shipping industry, including the collapse of Hanjin Shipping, Eurogate said.
However, the company said "2017 promises to be an outstanding year for all market participants" following the consolidation of container shipping lines and the realignment of carrier alliances, reported IHS Media.
German traffic stalled at 8.23 million TEU, with the Bremerhaven terminals down 0.6 per cent at 5.49 million TEU, and Hamburg 0.9 per cent lower at 2.26 million TEU.
Volumes at the Jade Weser terminal in the German deep-sea port of Willhelmshaven rose by 12.9 per cent to 481,720 TEU, helped by Asia-Europe services operated by the 2M alliance of Maersk Line and the Mediterranean Shipping Co.
Container throughput at Eurogate's five Italian terminals, operated by Contship Italia, in which the terminal operator has a 33 per cent stake, rose by 4.6 per cent to five million TEU.
The Ust-Luga terminal on Russia's Baltic coast recorded a 4.3 per cent decline to 82,203 TEU owing to the sanctions against Russia and lower Russian oil earnings.
Volumes at the Tangier transshipment hub in Morocco declined by 8.4 per cent to 1.13 million TEU. Container throughput dived 25 per cent at the Lisbon terminal to 155,000 TEU.
Eurogate expanded its Mediterranean footprint last year with a contract to operate a 500,000-TEU capacity container terminal at Limassol, Cyprus.
"We are looking expectantly and confidently ahead to 2017, a year that will bring many changes," said chairman of the Eurogate management board, Michael Blach.
"The shipping lines have formed new alliances. We view this optimistically ... for with its three north German terminals, Eurogate is excellently positioned to meet the requirements of the major shipping alliances and their mega containerships."
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