• 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 October 23

11:24 DP World reports 3.7% gross like - for - like volume growth in 9m 2018
10:59 Woodside signs cooperation agreement with ENN
10:35 INPEX-operated Ichthys LNG Project commences LNG shipment
09:58 Brent Crude futures price down 0.38% to $79.53, Light Sweet Crude – down 0.27% to $69.17
09:24 IMO approves a programme of actions to deliver the initial strategy on reducing greenhouse gas emissions from ships.
09:17 Baltic Dry Index is up to 1,579 points
07:14 GTT receives a new order from DSME for the tank design of an LNG carrier

2018 October 22

18:33 Rolls-Royce and Sunseeker agree new framework agreement for supply of MTU engines
18:32 OOCL introduces new Mediterranean and West Africa direct service
18:29 Rotterdam expects record 50,000-tonne shipment of pig iron
18:01 Arctic Council meeting of Environment Ministers ends with talks about future cooperation
17:39 IMO's Marine Environment Protection Committee meets
17:16 Glavgosexpertiza approves modernization of onshore facilities in Salekhard
16:22 Humber International Enterprise Park plans reshaped after public feedback
15:34 Nornickel’s Polar Transportation Division carried 2.4 million tonnes of cargo in navigation season 2018
15:10 ESPO congratulates Port of Valencia, Ports of Bremen, Port of Moerdijk and Port of Tangier for renewing Ecoports’ Environmental Standard
14:17 Sovcomflot named a finalist in four different categories of 2018 Lloyd’s List Global Awards
13:55 Onezhsky Shipyard delivered ice-class buoy tender named Fortuna
13:23 Pavilion Energy and BW ink deal for long-term charter of two Singapore-flagged LNG newbuilds
12:58 Average wholesale prices for М-100 HFO down to RUB 21,455 in RF spot market
12:36 LUKOIL BoD recommends interim dividend amount
12:13 Bunker sales at the port of Singapore in 9M’18 down 1.5% Y-o-Y to 37.46 million tonnes
11:51 Power of gender diversity on the agenda at Seatrade Maritime Middle East
11:32 Container throughput of port Hong Kong (China) down 5.6% to 14.69 million TEUs in Jan-Sep’18
11:09 Abu Dhabi Ports collaborates with MSC Mediterranean Shipping Company on international blockchain solution Silsal
10:50 Port of Singapore throughput in 9M’18 grew by 0.9% Y-o-Y to 470.49 million tonnes
10:28 Brent Crude futures price up 0.69% to $80.34, Light Sweet Crude – up 0.68% to $69.76
10:09 NYK PCTC receives special award from the Association for Rescue at Sea
09:47 STLC to obtain additional RUB 5.9 billion of federal subsidies in 2018
09:15 Baltic Dry Index is up to 1,765 points
09:06 ABS awards AIP to HHI’s standardized FPSO topside
08:08 DP World, UAE Region wins Terminal Operator of the Year at Maritime Standards Awards
06:22 ABS awards AIP to HHI’s deepwater FLNG hull

2018 October 21

08:54 20,000 TEU COSCO SHIPPING Sagittarius named in Shanghai
08:50 CFO Paul Smits leaves the Port of Rotterdam Authority
07:52 COSCO SHIPPING starts shipment of Toyota exhibits

2018 October 20

08:47 Boskalis, Van Hattum en Blankevoort and Mobilis construct deep-sea quay for the new HES Hartel Tank Terminal at Maasvlakte
08:10 Navios Partners announce filing of F - 1 for direct listing of Navios Containers
08:06 Maersk Line increases FAK rates for Northern Europe to Middle East and ISC trade
08:04 U.S. Navy contracts Austal to order materials for EPF 13
07:44 EU Commission launches the European Network of U-space Demonstrators

2018 October 19

18:42 ABN AMRO, Samsung SDS and the Port of Rotterdam Authority launch container logistics blockchain pilot
18:07 Stena Line's battery hybrid vessel completes its first month of operation
17:56 ABN AMRO, Samsung SDS and Port of Rotterdam Authority launch container logistics blockchain pilot
17:35 Port of Gdansk participated in the CILF 2018 fair in China
17:11 Gdansk pays a visit to Singapore
16:57 Testbed established for Internet of Ships Open Platform
16:48 Finland’s Water Transport Act aims to improve safety and increases preparedness for the future
16:26 World’s largest LNG bunker supply vessel “Kairos” started its voyage to Europe
16:04 KN will motivate its employees with the company's shares
15:42 New Falck training centre on the Maasvlakte officially openes
15:20 Seimas members visiting Klaipėda discussed benefits provided by LNG terminal
14:59 Ukraine plans dredging of 16.33 million cbm of material in 2019
14:37 UN agencies delivering on maritime security
14:15 Hapag-Lloyd starts new Red Sea service
14:00 Atomflot: shipments from Arctic LNG and Yamal LNG to be assisted by diesel and gas powered icebreakers
13:31 MOL's newbuilt LNG carrier "MARVEL EAGLE" to transport LNG from Cameron project in U.S.
13:11 NIBULON Shipbuilding and Repair Yard launches POSS-115 Project tug
13:05 BigLift Barentsz sails Northern Sea route for Pioneering Spirit
12:48 Glavgosexpertiza approves reconstruction of KSK grain terminal to increase its capacity to 4 million tonnes