• 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.




2021 July 23

17:58 Van Oord signs contract with the Spanish energy company Iberdrola for the Baltic Eagle offshore wind farm
17:50 Chantiers de l’Atlantique completes installation of EGCS on three MSC Cruises vessels
17:41 ROSATOM and Aeon Corporation agree to Arctic shipping cooperation
17:32 RWE, Shell, Gasunie and Equinor sign a declaration of intent on the AquaSector project
17:18 Rosatom and DP World sign Cooperation Agreement
16:55 RosGeo eyes exploration of solid mineral deposits in the Persian Gulf
16:32 Learn the latest global LNG trends with LNGcon 2022
16:30 ROSATOM and Moscow State University’s Marine Research Centre sign cooperation agreement on environmental impact assessment in Arctic
16:07 Rosatom expects transit cargo flow along NSR to reach 20-30 million tonnes per year by 2030
15:39 ROSATOM and Nornickel sign supplementary agreement on icebreaker accompaniment
15:01 Sea Port of Saint-Petersburg handled 4.1 million tonnes of cargo in H1’21, up 12% YoY
14:36 Recovery of investments in offshore geological exploration not expected by RosGeo before 2022
14:14 Wärtsilä to provide thrusters for two Chinese wind farm turbine installation vessels
13:40 RosGeo: Deposits in shallow waters and estuaries should be taken into account when developing Arctic resources
13:12 A deep sea mineral riser system reviewed by ABS in an industry first
12:48 Nornickel set to expand and upgrade Dudinka port
12:11 Maersk changes the logistics landscape in Bulgaria and launches intermodal weekly service connecting Burgas to Plovdiv and Sofia
12:09 Ningbo Containerized Freight Index rises in July 2021
11:43 Vietnamese Navy ships arrived in Vladivostok to participate in Russian Navy Day celebration
11:11 GTT receives orders for the tank design of two new LNG сarriers
11:07 Integrated drill of emergency response teams conducted at CPC Marine Terminal near Novorossiysk
10:45 Alexei Rakhmanov: USC saved nearly RUB 18 billion in 2021 through cost optimization
10:24 Baltic Dry Index as of July 22
10:06 Crude oil market sees downward price correction
09:48 Russian Maritime Register of Shipping supports the 4th International Conference “Development of Icebreaking and Support Fleet”
09:30 China ports container volume rises 15% in first half of 2021
09:27 Alexei Rakhmanov: USC is set to open up routes that do not depend on foreigners
09:09 Sea Port of Saint-Petersburg handles high-speed train intended for Uzbekistan Railways
08:40 MABUX: Global bunker prices may continue firm upward trend on Jul.23.

2021 July 22

19:00 Northern Sea Route cargo traffic rose by 2.59% to 17,047,282 tonnes YTD
18:35 Equinor Brasil Energia awarded a contract to Floatel Victory
18:05 Solstad Offshore ASA announces new contract for the CSV Normand Jarstein to DeepOcean AS
17:55 Manila Harbor Center aids PH Coast Guard’s substation project
17:25 Suek AG supramax vessel Kumpula to sail through Northeast Passage
17:05 US FMC establishes Ocean Carriers Audit Program
16:25 Survitec enhances lifeboat inspection solution to deliver savings and flexibility for ship operators
16:05 RINA and SWS mark a new era in Cruise shipbuilding in China
15:27 Multipurpose Reloading Complex in Ust-Luga handled 2.24 million tonnes of coal in H1’21, up 4% YoY
15:22 DBS partners maritime players and MPA to complete Singapore’s first live bunker delivery financing pilot with digital bunker delivery note
15:11 Two new hybrid LNG-electric ships join to the Brittany Ferries fleet
15:05 Second batch of oversize equipment for Amur GCC reloaded in De-Kastri
14:42 CMA CGM to launch a new Indian Ocean feeder service
13:21 DCT Gdańsk Welcomes New CEO – Charles Baker
13:20 Port of Rotterdam posts H1 2021 results
12:58 Seven entities interested in investing in Port Gdański Eksploatacja
12:03 Shipping industry announces international decarbonisation conference at COP26
11:03 Boskalis awarded contract for deepening the approach channel to harbor of Harwich, UK
10:29 Transport Canada issues new Ballast Water Regulations
10:24 Rosmorport completes repair dredging at Vostochny seaport
09:53 Crude oil market sees downward price correction
09:36 IAA PortNews opens registration for 4th International Conference “Development of Icebreaking and Support Fleet”
09:22 Baltic Dry Index as of July 21
08:31 MABUX: Global bunker prices may continue firm upward evolution on Jul 22

2021 July 21

18:30 MSC Cruises restart its activity in the Port of València
18:00 Agreement signed between Grimaldi and Armas Trasmediterranea
17:55 Stena RoRo orders its tenth E-Flexer RoPax ferry
17:51 “FLORIAN” Port Fire Brigade to take care of safety in the Port of Gdańsk
17:17 ESPO welcomes "Fit for 55”-package
16:33 Vietnamese Navy ships to take part in celebration of RF Navy Day in Vladivostok
15:48 Throughput of Port Vysotsky LLC in 6M’2021 fell by 24.2%