Sunday , 17 February 2019
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Turkish economy and Latin America growth boosts Yilport Holding’s results
Robert Yuksel Yildrim, chairman of Yilport Holding

Turkish economy and Latin America growth boosts Yilport Holding’s results

Yilport Holding has recorded an excellent year as its worldwide terminals handled a total of 6.41m teu containers in 2018, representing a 5% year-on-year increase.

The growth was mainly driven by the strong export performance of the Turkish economy, banana exports in Ecuador and containerisation investments which positively affected Latin America’s growth.

In Turkey, throughput at the Yilport Gebze terminal and the Yilport Gemlik terminal both grew by 11% with a total of 554,223 teu and 524,652 teu respectively.

Puerto Bolívar in Ecuador, one of the country’s only deep sea ports, handled 280,276 teu which represented a 23% year-on-year growth.#

Yilport’s growth in the Nordic region was mainly led by Sjursøya Container Terminal (SCT) as the company’s terminal portfolio in Norway and Sweden grew by 2% to 474,535 teu. General cargo in the region grew by 8% to 2.22m tonnes.

Container volume at the terminal operator’s Iberian terminals remained flat, although its leading Iberian terminal Leixõs finished 2018 with 660,685 which represents a 2% growth. Consolidated general cargo in the region grew by 5% to 4.15m tonnes.

Malta Freeport (MFTL), which Yilport owns 50% shares in, recorded 3.31m teu volume in 2018.

Additionally, Yilport terminals around the world recorded 11.86m tonnes of general cargo volume, 444,973 roll-on roll-off (ro-ro) operations and 3.51m cubic metres of liquid cargo.

In Drewry’s Global Container Terminal Operators Annual Review and Forecast 2018 report, Yilport Holding was listed 12th place among international container terminal operators.

The company aims to rank among the top ten international terminal operators by 2025.