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  • Port of Thessaloniki container throughput decreases by 1,7% to 0,463 mln TEUs in 2022
  • 2023 April 7 15:34

    Port of Thessaloniki container throughput decreases by 1,7% to 0,463 mln TEUs in 2022

    Thessaloniki Port Authority S.A., the operator of the port of Thessaloniki and the multi-gateway intermodal network and logistics solution provider for the Balkans and the broader Southeast, Central and Eastern European region, announced the financial results for the financial year 2022, according to the company's release.

    Specifically, following the approval of the Annual Financial Report from the Board of Directors (BoD) on 6.4.2023, it is announced that consolidated revenue for 2022 reached € 82,2 mil., while the revenue of the subsidiary ThPA Sofia EAD reached € 1,7 mil.

    In detail, total consolidated revenue for 2022 increased by 5,6%, to € 82,2 mil., from € 77,9 mil. in 2021, while Company revenue increased by 4,8%, to € 80,6 mil. in 2022, from €76,9 mil. in 2021.

    Additional revenue of € 2,9 mil. was generated from the container terminal, posting an increase of 5,5%, additional revenue of € 0,2 mil. was realized from the conventional cargo terminal, posting an increase of 0,8%, additional revenue of € 0,5 mil. from the rentals and exploitation of spaces with a significant increase of 25% and additional revenue of € 0,3 mil. was generated from passenger traffic, marking a significant increase of 62,4%. Especially for cruise ship traffic, there were 61 arrivals in 2022, compared to 17 arrivals in 2021, with approximately 50% of arrivals being homeporting arrivals, highlighting the port of Thessaloniki as an international port of choice for starting and/or ending cruise, with the option of embarkation and/or disembarkation for passengers.

    Regarding 2023, it is estimated to be another year of significant growth for the cruise traffic, followed by significant growth rates, with multiple benefits, both for the city and for the economy of the wider region.

    Regarding consolidated profitability, Gross Profits decreased to € 33,8 mil. in 2022 from € 36,2 mil. in 2021, representing a decrease of 6,5%, Operating Profits (EBITDA) decreased to € 32,9 mil. in 2022 from € 33,4 mil. in 2021, representing a decrease of 1,5% and Group Net Profit after tax decreased to € 18,6 mil. in 2022, from € 19,8 mil. in 2021, representing a decrease of 6%.

    Regarding Company profitability, Gross Profits decreased to € 34,4 mil. in 2022 from € 37 mil. in 2021, representing a decrease of 7%, Operating Profits (EBITDA) decreased to € 33,8 mil. in 2022 from € 34,7 mil. in 2021, representing a decrease of 2,6%, while Net Profit after tax for the Company decreased to € 19,8 mil. in 2022, from € 21,1 mil. in 2021, representing a decrease of 6,2%.

    Profitability was mainly affected by the performance of the subsidiary ThPA Sofia EAD, being within the first years of operation, the increased cost of energy, combined with the increased cost of consumables, spare parts, and other cost drivers. The Management of ThPA S.A. has launched a series of actions to reduce all relevant cost parameters.

    In terms of container throughput, there was an overall decrease of 1,7%, to 463k TEUs in 2022, from 471k TEUs in 2021. During the same period, the quantities of conventional cargo handled decreased by 12,3%, to 3,7 mil. tons in 2022 from 4,2 mil. tons in 2021 respectively, a decrease mainly due to the throughput of nickel, due to market conditions. Vessel arrivals increased significantly to 5,1% to 1.447 in 2022 from 1.377 in 2021, including container, conventional cargo and passenger traffic.

    The capital expenditure program for 2022 amounted to € 17,5 mil., compared to € 17,4 mil. in 2021, primarily related to the upgrade of the Port's facilities and infrastructure, the purchase of new loading and unloading equipment, the purchase of two state-of-the-art gantry cranes (STS) at pier 6, as well as a series of other upgrades of the Port's infrastructure and equipment.

    The proposed dividend amounts to € 1,45/share (compared to € 1,50/share of the previous year), a decision to be approved by the Ordinary General Meeting of Shareholders on May 9th, 2023. A detailed announcement on the dividend distribution will follow, according to the company's policy.

2023 December 8

18:00 Norway’s largest zero-emission ferry launched in Turkey
17:06 VTTI and Höegh LNG sign agreement to jointly develop energy terminal in Zeeland, Netherlands
16:57 LASH Sevmorput to be replaced by a diesel-powered vessel next year, vessel operator says
16:35 ABB supplies world-first maritime megawatt charging system for Auckland Transport’s new electric ferries
16:13 ORNL, Caterpillar collaborate to advance methanol use in marine engines
15:27 MOL and Maersk issue joint statement on decarbonization in the shipping industry
14:55 Jiangnan Shipyard unveils design for the ‘world’s largest’ nuclear-powered containership
14:20 Avance Gas agrees to sell two newbuildings for $240 million at a $73 million estimated profit
13:45 Iran seizes two more vessels in Persian Gulf for 'fuel smuggling'
13:25 Pacific International Lines and DP World sign MOU to jointly develop green solutions for global supply chains
12:11 NYK secures time charter contract with SINOPEC for LNG transportation
11:43 Gunvor partners with ClearShift on zero carbon diesel and chemicals
11:15 Masdar signs Joint Study Agreement for supply of green hydrogen to the Port of Amsterdam
10:51 GTT enters into strategic cooperation agreement with the major Chinese ship-building group CSSC
10:24 Teck and Oldendorff to install Flettner Rotors system on the vessel Dietrich Oldendorf
09:53 Rosatom: Shipping on the Northern Sea Route does not have a negative impact on the Arctic environment
09:18 Hayfin to acquire up to $1bn of shipping assets through Maritime Yield strategy
08:25 Euronav orders 1 VLCC and 2 Suezmaxes

2023 December 7

18:02 Maersk to deploy first large methanol-enabled vessel on Asia - Europe trade lane
17:48 Hapag-Lloyd, Maersk and CMA CGM sign an agreement for alternative fuels with Nestlé
17:15 Ecomotus’ EcoPro fuel catalyst system awarded RINA’s approval
16:45 Adani Ports looks to buy SP Group's Gopalpur port in Odisha
16:24 Singapore and Tianjin sign MoU to establish the Singapore – Tianjin Green and Digital Shipping Corridor
15:54 Alfa Laval to provide the fuel supply system to Maersk in industry’s first methanol retrofit project for a container vessel
15:31 MABUX: Bunker Weekly Outlook, Week 49, 2023
15:14 COSCO signs contract with MAN for the methanol retrofit of four main engines from COSCO Line’s vessels
14:41 COSCO SHIPPING and bp sign MoU
14:22 Fluxys, OGE and Wintershall Dea sign a cooperation agreement for CO2 transport
13:52 ClassNK awards AiPs for SDARI’s three green fuels powered vehicle carriers
13:12 ABS publishes industry-leading best practices for ESG reporting
12:41 MOL and DP World sign MoU to explore auto logistics and decarbonization business opportunities
12:15 DEME and FARIA enter agreement to explore and co-develop offshore wind farms in Greece
11:52 Jan De Nul signs first two contracts with TenneT under 525 kV HVDC cable system frame cooperation
11:24 GTT receives an order from HD Hyundai Heavy Industries for the tank design of two new Very Large Ethane Carriers on behalf of the ship-owner Purus
11:13 Russian Far East shipyards’ backlog of orders hits three-year high, says Central Bank
10:51 Jiangnan Shipyard and Bureau Veritas sign a cooperation agreement on shipyard digitalization and 3D design reviews
10:29 Singapore, Norway and IMO unveiled LR's report at the Voyage to Net-Zero Forum

2023 December 6

18:02 NYK concludes time charter agreement for fuel ammonia transport
17:35 Japan’s Tsuneishi Shipbuilding orders 3 × MAN B&W 7G50ME-C9.6-LGIM main engines
17:19 LR awards CSBC Approval in Principle for methanol-fuelled 2,500 TEU feeder design
16:20 Maritime and Port Authority of Singapore, Port of Los Angeles and Port of Long Beach unveil Partnership Strategy on green and digital shipping corridor
15:59 ClassNK awards AiPs for SDARI’s green fuels powered vehicle carriers for ammonia ready LNG dual fueled
15:24 DNV awards AiP for world’s largest car carrier design by Сhina Merchants
14:45 Nuclear-powered container ship Sevmorput finalized the 2023 shipping season's short-sea voyages on the NSR
14:03 Fish product exports from Russia rose year-to-date by 13% to 2.1 million tonnes
13:42 World’s largest ammonia carriers for Naftomar Shipping to be built by Hanwha Ocean and classed by Bureau Veritas
13:22 Steerprop to deliver tunnel thrusters and retractable combi thrusters for Finnish Border Guards’ multi-purpose vessels
12:51 Fuel cell manufacturer Blue World Technologies closes financing round with Maersk Growth and EIFO
12:11 MOL and Bapco Energies sign MoU for development of cross border CO2 transport and sequestration
11:41 ABP invests £4.2 million in a new Liebherr LHM 420 mobile harbour crane for the Port of Hull
11:10 Sumitomo Corporation and Hoegh Autoliners sign LoI to collaborate on the supply of clean ammonia for upcoming Aurora Class PCTC vessels
10:47 ROSATOM successfully completes production of RITM 200 reactors for Project 22220 universal nuclear icebreakers
10:32 Seaspan enters new market segment with strategic order of new dual-fuel LNG Pure Car and Truck Carrier vessels
10:09 ERMA FIRST awarded AiP from DNV for onboard carbon capture system
09:35 KPI OceanConnect, Titan Clean Fuels, and SFL сollaborate on the company’s first LNG bunkering operation

2023 December 5

18:00 Kongsberg Maritime to provide design, engineering, and equipment on pair of methanol ready, chemical tankers for Sirius Rederi AB
17:38 APM Terminals and DP World launch Zero Emission Port Alliance at COP28
17:16 Blue Mediterranean Partnership to start operating in early 2024
16:49 Global Ports Holding announces integration of shore power at Valletta Cruise Port
16:14 Meratus Line starts calling at East Java Multipurpose Terminal
15:21 OOCL announces new China Indonesia Philippines services
14:42 CNC and COSCO sign vessel sharing agreement for KCS and China 1 services
14:23 Methanol-ready ECOaster vessel design wins DNV’s green light
13:52 DSIC lays keel for first CMES LNG carrier
13:12 Middle East War risk insurance rates edge up after surge in Red Sea ship attacks
12:45 Iberdrola and Masdar sign global alliance to co-invest up to €15 billion in offshore wind and green hydrogen projects in Germany, UK and the USA
12:15 South Korea drops to 2nd place in global shipbuilding orders in Nov.
11:41 Wartsila adds another four methanol engines to its portfolio
11:03 WinGD signs four-way partnership to deliver CMB.TECH ammonia engines
10:50 Maersk to invest more than USD$500 million in integrated supply chain capabilities in Southeast Asia