Italian transshipment troubles hit Contship’s results

A decline in its Mediterranean transshipment business has led to a fall in Contship Italia’s 2017 throughput volumes.

In particular, traffic declined at the company’s Southern Italian transshipment terminals in Gioia Tauro and Cagliari. Traffic at Medcenter Container Terminal, Gioia Tauro, was down 12.5% from 2.8m teu to 2.45m teu and traffic at Cagliari International Container Terminal, on the island of Sardinia, was down 35% from 0.67m teu to 0.43m teu.

On the other hand, Eurogate Tanger, the Moroccan transshipment terminal which Contship Italia has a stake in, grew its volumes from 1.167m teu to 1.438m teu.