Saturday , 18 January 2020
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Closing its 2011 financial year with an operating profit of €60m (US$79m) and investments of €105.4m (US$140m), mainly in new infrastructure at Muelle Prat and the enlargement of the South Quay, the Port of Barcelona is set to invest a further €193m (US$255m) in the current year (2012) on different infrastructure and initiatives to boost its internal market.

Barcelona to invest €193m this year

Net turnover was €158m (US$209m), a 6% reduction on the previous year. This was affected by the introduction of the new Port Law aimed at subsidising port duties and reducing costs of port operators, which resulted in a decrease of 9% in port duties in comparison to 2010.

In addition to the launch this year of the new TerCat-Hutchison terminal at Muelle Prat, which last month (March) took delivery of four super post-panamax quay cranes, operations will commence at the new Meroil-Lukoil terminal at the Energy Quay, while Grimaldi will commence works at its short sea shipping terminal (SSS).

Boosted by exports, container traffic passed the 2m teu mark in 2011, representing a 4% increase on the previous year; in tonnage terms throughput of all cargoes, including containers, reached 44.2m tonnes, representing a slight increase of 0.4%. The increase in traffic was mainly centred on the first half of the year, while port activity slowed over the following months to the end of the year.

The Catalan hinterland channelled a total of 511,096 teu into foreign markets, an increase of 14%, with China, the Arab Emirates and Turkey being the principal destinations.

Apart from containerised goods, one of the best results was achieved in new vehicles with a total of 630,102 cars handled, an increase of 14%. On the other hand, short-sea shipping experienced moderated growth at 4%, a figure that remained constant throughout the second half of the year.

Underlined the significant impact the planned investments will have on the regional economy, the president of the Port of Barcelona, Sixte Cambra, stated, “We are creating a major port that will generate employment and become the driving force of Catalonia’s economy”.