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EUROKAI Group Reports Q3 2019 Traffic Numbers For Container Terminals

EUROKAI Group reports Q3 2019 traffic numbers for container terminals

EUROKAI Group Reports Q3 2019 Traffic Numbers For Container TerminalsSource: Autorita’ di Sistema Portuale del Mare Di Sardegna

Hamburg, Germany (PortSEurope) November 14, 2019 – In the first three quarters of 2019, EUROKAI container terminals handled a total of 8.925 million TEU, up 1.4% on the same period of 2018 (8.8 million.

German terminals registered 5.85 million TEU (+1.5%). Breakdown: Hamburg 1.615 million (+32.4%); Bremerhaven 3.736 million (-8.8%); Wilhelmshaven 498,542 (+11.4%).

Italian terminals registered 1.45 million (-6.9%). Breakdown: Cagliari 53,520 TEU (-67.4%); La Spezia 986,537 (-2.2%); Salerno 273,706 (+9.8%); Ravenna 138,553 (+0.6%). These terminals are operated by Contship Italia Group, indirectly controlled by EUROKAI.

Other terminals registered 1.622 million TEU (+9.7%). Breakdown: Tangier, Morocco 1.164 million (+15.2%); Limassol, Cyprus 302,901 (+3.2%); Lisbon, Portugal 107,899 (-8.8%); Ust-Luga, Russia 47,106 (-16.9%).

In Cagliari, the main customer was Hapag Lloyd AG, which is part of the “THE Alliance” consortium, which was restructured and has altered its scheduled services. This led to a loss of handling to Cagliari’s detriment, where the last “THE Alliance” vessel was handled in June 2019, leading in the third quarter of 2019 to only very low handling activity in Cagliari.

Against this backdrop, following intensive negotiations with the government in Sardinia, the central government in Rome and the trade unions, it was possible as of 2 September 2019 to agree the transfer of 207 employees to the Italian employment compensation fund (“cassa integrazione straordinaria per chiusura”). Meanwhile it has been decided to close down the operation in Cagliari.

Despite a decline in the overall result, the group result rose significantly compared with the same period of the previous year, viz. due in particular to the profit from the sale, which took place in April 2019, of the shares in Medcenter Container Terminal of Gioia Tauro held indirectly by Contship Italia.

Source: EUROKAI

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