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Friday, July 19, 2019

Maritime Logistics Professional

February 14, 2019

Eurogate Container Volumes Stable in 2018

Image: Eurogate

Image: Eurogate

Despite the persistently challenging market environment, German terminal operator Eurogate managed to close the 2018 financial year with stable container handling volumes.

In 2018, the Bremen-based group managed to handle a total of 14.1 million TEUs at its twelve locations in and around Europe.

The volume of intermodal container transports increased by 2.8 per cent to around 1.05 million TEUs.

At the Eurogate Group’s five German terminals, the previous year’s handling figures were confirmed. Overall, 7.76 million TEUs were handled here in 2018 (-0.2 per cent, 2017: 7.78 million TEUs).

At a good 5.48 million TEUs, the Bremerhaven container terminals recorded a throughput almost on a par with 2017 (-1.3 per cent, 2017: 5.54 million TEUs). The schedule changes made by the shipping line alliances in April/May 2018 had no significant impact on this location.

Michael Blach, Chairman of the Eurogate Group Management Board, comments: “We can be satisfied with the handling figures for 2018. Above all, the fact that we were able to maintain a very stable level in Germany is gratifying and shows that we can hold our own against the western ports and the new competitors on the Baltic Sea coast."

He added: "Although 2018 was without a doubt a successful year, the trend in handling volumes shows us that the spread of opportunities and risks, as well as their impact on our business, has increased against the background of the changed parameters. With this in mind, our priority is to leverage the opportunities in order to expand our market position.”