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Eurokai Group Sees Reduced Profit And Cargo Traffic In First Half 2020

Eurokai Group sees reduced profit and cargo traffic in first half 2020

Source: PortSEurope
Hamburg, German (PortSEurope) September 30, 2020 – The Eurokai Group has reported operating earnings before interest and taxes (EBIT) down by nearly 70% to around €17.4 million in the first half of 2020. The Covid-19 coronavirus crisis has reduced cargo in the group’s German and European terminals. Profit was down over 93% to €3.5 million, compared to €50 million. Port terminals in Germany reported an
average volume drop of 10.1% with other European down 11.8%. German terminals: Wilhelmshaven down 38.5%; throughput; around 222,000 TEU)Hamburg, -11.5% to 960,000 TEUBremerhaven, -5.5% to 2.3 million TEU The three terminals operated jointly with Contship Italia; Cargo down average of 17%La Spezia: -24.7%Ravenna: -7.8%Salerno: +5% Terminals in Tangier, Limassol, Lisbon and Ust-Luga reported an average reduction of 13.5%. Lisbon saw volumes down over 50%. Milan-based Contship Italia S.p.A., through its subsidiaries, provides marine terminal, intermodal transport, and container logistic solutions worldwide. It is part of EUROKAI GmbH & Co. KGaA via a direct holding and Eurogate GmbH & Co. KGaA, KG, also a EUROKAI company. Copyright (C) PortSEurope. All Rights Reserved. 2020.

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