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Traffic In Ferrol-San Cibrao Port Increases In November

Traffic in Ferrol-San Cibrao port increases in November

Source: PortSEurope
Ferrol-San Cibrao, Spain (PortSEurope) December 19, 2020 – The transit of raw materials and products in the docks of the Ferrol-San Cibrao Port Authority increased 46.1% in November compared to the same month of 2019. Thanks to this, the port continues to correct its poor start in 2020 and even gains market share within of the North Atlantic-Cantabrian façade. Companies that operate in the docks moved
a total of 848,535 tons of goods last month. This figure is more than 46% higher than that recorded in 2019 (580,879), an increase underlying the good performance of liquefied natural gas (LNG) and bauxite markets. In year-on-year terms, in fact, LNG is expanding at a record pace. The global balance for 2020, a year which started with losses of between 29.8 and 37.3% during the first quarter, currently stands at -8.8%. In other words, the activity is decreasing even somewhat less than in the whole of the Spanish system, which is due to the pandemic and the hole caused in its accounts by the termination of coal imports (2.15 million tons in 2019 and 4.73 in 2018). The statistics also indicate that in the first 11 months of the year, freight traffic at the Ferrol and San Cibrao docks reached 9.32 million tons, compared to the 10.22 recorded on the same dates last year. The disaggregated ranking of movements is led by bauxite, followed by LNG. Classification is completed in their high positions by alumina, fuel oil, oils, caustic soda, wood, scrap, biodiesel and steel. Among large traffics, in relative terms the evolutions of LNG and fuel oil stand out, with rises of 58.1% and 29.6%. Also noteworthy were the increases in bauxite (17.6%), alumina (9.9%), caustic soda (9.1%) and biodiesel (8.5%). In the rest of the breakdown of stowage and unloading the container movements were recorded 31% if measured in tons and 48.8% if estimated in TEUs. The president of the Port Authority, José Manuel Vilariño, stated that they suffer from the global crisis and the local crisis of coal and the threat of the uncertain evolution of the electro-intensive industry. He added that they are also beginning to see the fruits of the traffic diversification policy. Source: Autoridad Portuaria de Ferrol-San Cibrao (APF – Port Authority of Ferrol) Copyright (C) PortSEurope. All Rights Reserved. 2020.

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