Koper, Slovenia (PortSEurope) October 9, 2019 – In the first nine months of 2019, Luka Koper d.d. registered €170 million of net sales revenue, up 3% on the same period last year. Port throughput registered in the same period was 78,000 tons higher to that of last year and reached to 17.7 million tons.
The largest increase was registered in the liquid-cargo commodity group, up 19% at 3.21 million tons (2.698 million).
Containers (TEU) were 734,487, down slightly from 741,674. Dry bulk cargo was down slightly at 5.54 million ( 5.86 million).
Car throughput showed a slight increase compared to the results registered in the first half of 2019. Car exports to Turkey are still 40 % below last year’s figure whereas the importing of cars manufactured in Turkey increased. Car exports to the Far East increased as well over the last months, which contributed to reducing the gap between this year’s and last year’s throughput.
The situation in the car industry generally influences the throughput in other groups of commodities. European car manufacturers adapted their production lines in response to a reduction in sales, and related sheet-metal imports decreased as a result. The manufacture of steel products in Europe also decreased, which has been reflected in lower exports of these types of products. This trend has also exerted a negative impact on the throughput of raw material applied in the steel industry, which is reflected in the general cargo and dry bulk segment.
This fall in the production of cars also partly influences the container segment, considering that the car-manufacturing units situated in Central European countries are supplied via Koper. In the container sphere, we are confronted at the moment with cheaper ocean freight rates across
Northern European ports. Despite this fact, we do not expect major fluctuations: Koper is solidly in the top position among the container terminals in the Northern Adriatic, despite increasing competition among nearby ports.
One benefit is that they have greater capacities. On the other hand, a negative aspect being exerted on the competitiveness of logistics routes across Slovenia is that neighbouring countries are receiving rail-transport subsidies while Slovenia is not.
Nevertheless, as far as rail transport is concerned, we should point out stable, regular and additional railway connections with the hinterland, the result of joint measures introduced by the Port of Koper and Slovenian Railways (Slovenske železnice). Except for the train accident which occurred in the Hrastovlje Tunnel last June, we have not registered any deviations that might affect the reliability of rail transport to/from the port. As a matter of fact, the time and cost factors of the entire goods transport route (by land and by sea) exert a significant influence on logistics operators and owners of goods when choosing their transport route or port.
Luka Koper d.d. is the operator of Koper port.
Source: Luka Koper d.d.
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