Monday , 23 September 2019
Latest News
Eurogate’s volumes remain flat
Eurogate's throughput fell slightly to 14.4m teu

Eurogate’s volumes remain flat

Volumes at Eurogate’s container terminals remained fairly flat in 2017 as throughput fell by 1.4% to just over 14.4m teu.

Losses at the operator’s Hamburg and Ust-Luga terminal, where container volumes dropped by 25.6% and 8.8% respectively, were evened out by gains of 25.9% and 22.9% in Lisbon and Tangier.

Wilhelmshaven also registered a good year with throughput growing by 15.1% to 554,449 teu with 2017 being the second year running the terminal has registered double digit growth.

Elsewhere Bremerhaven recorded 0.9% increase as container volumes rose slightly to 5.5m teu, and both Bremerhaven’s and Wilhelmshaven’s growth were attributed to the restructuring of the alliances.

However the restructuring of the alliances and the bankruptcy of Hanjin were deemed to be key factors in the large loss at Hamburg, which handled 1.7m teu.

Eurogate’s new terminal in Limassol, Cyrprus, registered a throughput of 345,000 teu in its first year, which the operator said was a “good start”.

The company’s intermodal business performed well throughout the year, with throughput growing by 5.2% to just over 1m teu.