Eurogate hit by weak trade

The Bremen-headquartered Eurogate Group has reported a 2% year-on-year drop in its 2015 total container handling volumes amid weak market conditions.

The group, which operates sea terminals jointly with its sister company Contship Italia, reported that its total throughput went down from 14.8m teu in 2014 to 14.5m teu in 2015, hit by Russia’s recession and China’s economic slowdown.

The company’s Italian terminals recorded a 5.5% drop in container handling volumes from 5m teu in 2014 to 4.8m teu last year, while the group’s German segment recorded an overall 1.5% increase from 8.1m teu in 2014 to 8.2m teu last year.