• 2018 April 11 17:23

    EUROGATE Group presents its business figures for the 2017

    At today’s Group Annual Press Conference, the EUROGATE Group presented its business figures for the 2017 financial year, the company said in its press release. Despite the difficult environment, EUROGATE was able to defend its position in the market and report improved earnings. Although the container handling volume stagnated at 14.4 million TEUs in 2017, the Group generated net profit for the year of EUR 85.2 million (2016: EUR 75.9 million), which was 12.2 per cent above the previous year’s level. This gratifying result is due to non-recurring effects and significantly improved income from investments. Revenue fell by 4.9 per cent to EUR 607.9 million (2016: EUR 639.4 million). The decrease results primarily from the drop in handling volumes at the Hamburg EUROGATE Terminal, which were down by 25.6 per cent. In summary, the year was characterised by a phase of transition within the shipping industry, with the wave of consolidations and the trend towards ever larger container vessels with transport capacities of up to 23,000 TEUs presenting big challenges for the ports and their operators. EUROGATE Container Terminal Wilhelmshaven, Germany’s only deep-water port, was again able to benefit from this development, increasing container handling operations by 15.1 per cent to 554,449 TEUs.
     
    Michael Blach, Chairman of the EUROGATE Group Management Board: “The financial year 2017 has shown us that there are opportunities out there, but that we must step up our efforts if we are to capitalise on them. EUROGATE has benefited from the realignments of the major alliances at its Bremerhaven and Wilhelmshaven locations. One positive outcome was that in a decision in favour of Germany’s only deep-water port, Ocean Alliance has included EUROGATE Container Terminal Wilhelmshaven in its network. Volkswagen’s decision to put its faith in the location and set up a logistics centre there is more welcome news. This will give Wilhelmshaven additional impetus. However, the ongoing trend towards mega carriers with transport capacities of up to 23,000 TEUs impacts our processes. In order to remain competitive, we are therefore focusing in the long term on standardisation and the implementation of digitalisation and automation technologies, coupled with ongoing process optimisation.”
     
    The three container terminals in Bremerhaven reported an increase in container handling volumes in 2017 of 0.9 per cent to 5,536,889 TEUs (2016: 5,487,198 TEUs). On the one hand, the location benefited from the restructuring of the shipping alliances, allowing EUROGATE Container Terminal Bremerhaven to increase its handling volumes by an encouraging 15.5 per cent. On the other hand, capacity restrictions due to repairs to container gantries and the cyberattack on Maersk Line in June 2017 impacted on North Sea Terminal Bremerhaven, and consequently on the total handling figures for the Bremerhaven location, with the result that the increase fell below expectations.
     
    EUROGATE Container Terminal Hamburg was negatively affected by the wave of consolidations among the shipping lines and registered a substantial decline in handling volumes of 25.6 per cent to 1,686,364 TEUs (2016: 2,265,439 TEUs). The reason for this was the mergers between UASC and Hapag Lloyd and between China Shipping and COSCO. Lost throughput volumes due to the insolvency of the South Korean carrier Hanjin Shipping was an additional factor. Consequently, handling volumes at the Hamburg location are initially expected to take a further downward turn in 2018. However, the interim announcement that the South Korean shipping line Hyundai Merchant Marine (HMM) intends to introduce its own Far East – North Europe service has met with a positive response. This service will be handled in future by EUROGATE Container Terminal Hamburg, with the first vessel expected to tie up on the River Elbe in May.
     
    In the past year, the major shipping alliances showed a continued mounting interest in EUROGATE Container Terminal Wilhelmshaven. Since the Ocean Alliance included Germany’s only deep-water port in its schedule, the level of activity has further intensified. Compared to the same period in 2017, handling volumes in the first quarter of 2018 have almost doubled. Due to the excellent nautical access conditions and the available superficial area, EUROGATE Container Terminal Wilhelmshaven is ideally suited for unrestricted clearing of container vessels of all dimensions. To ensure customers continue to benefit from outstanding handling performance on a sustained basis, EUROGATE launched a programme in autumn 2017 designed to increase the workforce. This foresees the recruitment of up to 200 new employees to prepare EUROGATE Container Terminal Wilhelmshaven for further growth.
     
    Infrastructure development: behind expectations
     
    Although the trend towards ever larger container ships has been unbroken for many years, the urgently needed adjustments to the shore- and water-side infrastructure continue to remain below expectations. This is all the more worrying considering that the future viability of the port locations is at stake. There is still no time plan for the deepening of the Outer Weser and the adjustments to the Elbe fairway are not expected to get underway before the end of 2018 at the earliest. Thus, significant improvements regarding the nautical situation will not be possible before 2019. From today’s perspective, completion of the westward extension of the Hamburg EUROGATE terminal, which would facilitate access to the port of Hamburg for mega container ships, is not likely before 2026 – 29 years after the start of the planning process.
     
    EUROGATE Intermodal
     
    The quality of the seaport hinterland connections to the big European economic centres has a decisive influence on the competitiveness of the port locations. With EUROGATE Intermodal, the EUROGATE Group provides its own transport links to inland Europe. The EUROGATE subsidiary increased the volumes of freight transported by truck and rail by 2 per cent in 2017 to 657,969 TEUs (2016: 645,095 TEUs). This positive development was possible despite infrastructure shortcomings with regard to the Bremerhaven port railway coupled with difficult wind and weather conditions, which led to many disruptions in the rail network in 2017.
     
    Including international container transports, EUROGATE increased volumes handled by the intermodal network by 5.2 per cent to over 1 million TEUs.
     
     
    EUROGATE International
     
    La Spezia Container Terminal of the Italian EUROGATE shareholding CONTSHIP ITALIA recorded a very positive trend in handling volumes. The Ligurian terminal increased its container throughput by 17 per cent to 1,339,655 TEUs (2016: 1,145,269 TEUs). However, despite this gratifying result, the terminals of the CONTSHIP Italia Group recorded a drop in handling volumes overall by 7.5 per cent to 4,636,655 TEUs (2016: 5,012,218 TEUs) due to the downward trend in transhipment volumes at the container terminals in Gioia Tauro and Cagliari. Freight volumes transported by rail in CONTSHIP ITALIA Group’s intermodal business segment on the other hand showed a very satisfactory development, with an increase of 10.9 per cent to 301,009 TEUs (2016: 271,418 TEUs).
     
    On 29 January 2017, EUROGATE took over operation of the container terminal in Limassol, Cyprus. Following a few teething troubles, the terminal showed a very positive development in the course of the year and handled 344,949 TEUs in the first 11 months of operation from February 2017.
     
    Handling volumes at EUROGATE Tanger S.A., Tangier, Morocco, increased in the reporting period by a respectable 22.9 per cent to 1,384,714 TEUs (2016: 1,126,872 TEUs). The excellent geographical location of the port directly on the Strait of Gibraltar, and thus serving the western East – West container shipping trade lanes, has prompted EUROGATE to continue investing in the location by participating in a joint venture for the construction and operation of Container Terminal 3 (TC3). TC3 is located in the enlargement area of TangerMed, to the west of EUROGATE Tanger’s present location. EUROGATE’s partners in the project are the Moroccan port operator Marsa Maroc and the Italian CONTSHIP ITALIA Group. This will become the 15th terminal in the EUROGATE network from 2020.




2018 May 25

18:07 AIDAmira joins to the AIDA Cruises fleet
17:51 Azerbaijan Caspian Shipping Company cooperates with Columbia Shipmanagement to organize internship for ACSC 20 staff members
17:42 Carbon targets for shipping can only be met with ‘zero CO2’ fuels - ICS
17:40 IMO takes first steps to address autonomous ships
17:30 Marine Technics carried supplied marine pumps MT-Azcue for cargo vessels of different types
17:18 Container Terminal St. Petersburg in 1Q invested more than € 3.5 million in development, upgrade programme
17:04 Med Marine tugboat joins the company’s harbour fleet in Turkey’s Izmit Bay
16:59 Aleksandr Bryntsev appointed as Director General of Murmansk Shipping Company (photo)
16:25 Sovcomflot to provide technical supervision for the construction of Rosneft’s new LNG-fuelled tankers
16:04 Sanmar supplies a powerful tug to Forth Estuary Towage in Scotland
15:41 SMM advance press conference covered trends in SMMart Shipping
15:04 Seaspan accepts delivery of fourth 10000 TEU SAVER containership in four ship series
14:03 Port of Oakland online shipping platform goes live
13:33 MSC Splendida enters Busan Port
13:08 Klaipėda LNG terminal receives the 50th cargo
12:32 Transport and logistics sector of Latvia continues work with Chinese partners
12:03 Panama Canal nominated as finalist for Lloyd’s List’s Environment Award
11:50 Taganrog Sea Commercial Port handled 333,000 tonnes in QI’2018, up 4% Y-o-Y
11:24 Multipurpose Reloading Complex handled 1.02 million tonnes of cargo in QI’2018, down 20% Y-o-Y
11:03 Port of Amsterdam launches digital business guide
10:49 NOVATEK and TOTAL become partners in Arctic LNG 2 project
10:27 New Belgium container connection bolsters Port of Hull
10:11 Brent Crude futures price down 0.19% to $78.64, Light Sweet Crude – down 2.25% to $43.97
09:56 Bunker prices are slightly up at the Port of Saint-Petersburg, Russia (graph)
09:33 Baltic Dry Index up to 1,109 points
09:22 ITF backs US dock workers in dispute with port authorities
08:20 Port of Vancouver makes history with the arrival of the 25 millionth
07:18 First eleven companies participate in Nextlogic

2018 May 24

19:04 Coal to Vostochny Port to be transported on Kuzbass-Vostochny Port route by innovative rolling stock
18:07 ZIM posts Q1 2018 results
17:31 Bureau Veritas publishes vital resource for decommissioning industry
17:24 Italy’s first, fully-automated gantry cranes reach Vado Ligure
17:17 Best quarter performance ever at CTSP terminal: 168,500 TEUs, a 7.8% container traffic growth
17:09 Successful testing programme with enhanced Wärtsilä’s navigation systems promotes operational safety and efficiency
16:57 MSC optimises its Transpacific-USWC network
16:15 MABUX: Bunker prices continue upward trend
15:12 UCL Port’s 1Q volumes decline 3.9% Y/Y to 9.4 million tonnes
15:10 ABS evaluation demonstrates feasibility of LPG as fuel strategy for Dorian LPG
14:58 MAN to equip world’s first LNG-powered fishing trawler
14:55 VARD secures contract for one stern trawler for Nergård Havfiske
13:06 TCSP Group’s 1Q volumes fall 8.4% Y/Y to 3.88 million tonnes
12:08 Sea Port of St. Petersburg sees strong growth in 1Q volumes
09:26 Baltic Dry Index drops 37pts to 1162 points
09:08 akquinet and IDENTEC SOLUTIONS join forces to revolutionize refrigerated container management
08:39 Maersk Line starts new transatlantic service between Europe’s Mediterranean region and Canada
08:34 Compagnie Maritime Monégasque and Damen join forces to introduce Fast Marine Access in Brazil

2018 May 23

17:54 Container Terminal Saint-Petersburg invested RUB 256 million in modernization of its facilities in QI’2018
17:27 Greece suggests arranging cruise lines to Russia
17:00 Rosmorrechflot comes out for replacement of shipbuilding subsidies with cheap financing
16:16 Agreement on Enhancing International Arctic Scientific Cooperation enters into force
15:48 New Belgium container connection bolsters Port of Hull
15:25 DALO chooses SARIS to support SAR operations
15:03 FESCO transports three transformers from Novorossiysk for Moscow central heating and power plants
14:42 Ukraine’s water transport carried 0.3 million passengers in 4M’18, down 3%, Y-o-Y
14:21 Hapag-Lloyd update on restrictions for DG cargo handling at FIFA World Cup in Russia
13:59 Cargo transportation by Ukraine’s water transport fell by 18.5% to 1.0 million tonnes in 4M’18
13:36 SASCO BoD elected Aleksey Pavlov as Director General of the company
13:13 “K” Line announces delivery of special coal carrier “CORONA XANADU”
12:52 Tallink Grupp to list shares also on Helsinki Stock Exchange
12:31 Rosmorport appoints Sergey Lyamtsev as Acting Director of its Azov Basin Branch (photo)