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Transhipment fuels a successful half-year for the Port of Barcelona

Transhipment fuels a successful half-year for the Port of Barcelona
Mercè Conesa, Port of Barcelona’s president and José Alberto Carbonell, general director

Container volumes at the Port of Barcelona jumped by 18% in the first half of 2018, largely due to a 42% leap in transhipment traffic.

Foreign trade also improved with container exports rising by 7.5% to 366,000 teu and imports up by 3.3% to 285,474 teu.

By markets, the countries that had most interactions with the Port of Barcelona are Algeria (+57%), the US (+13%), Turkey (+6.6%), India (+9%), Mexico (+12%), Vietnam (+34%) and Brazil (+14%).

The port authority’s president Mercè Conesa said: “Companies around us are increasingly seeking to operate internationally. In addition, the Port of Barcelona gives them links to a wide range of markets, which makes them more able to compete on the global market.”

Rail traffic in the port has also grown significantly with 125,000 teu arriving or leaving the Catalan hub by train, a 10% increase year on year. This puts the rail container share at 13%.

In addition, over 143,000 cars were transported by rail, an increase of 10.6%.

The strong container volume performance along with 17.3% growth in liquid bulk and a 10.3% rise in short-sea shipping helped the port’s revenue increase by 7.3% to €86.6m (US$100.7m).

Net profit for the first six months of the year was €27.6m (US$32.1m), an increase of 26.6%.

The port’s capacity to generate its own revenues has enabled it to significantly reduce part of the long-term debt it has with the European Investment Bank (EIB).

Having now paid back €22.8m (US$26.5m), the Port of Barcelona debt stands at €281.1m (US$326.8m).