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Vigo Port Sees Record Cargo Traffic In 2018

Vigo port sees record cargo traffic in 2018

Vigo Port Sees Record Cargo Traffic In 2018

Vigo, Spain (PortSEurope) February 8, 2019 – Total traffic through Vigo portin 2018 amounted to 4,362,334 tons, a 2.99% increase compared to 2017, with an increase in merchandise traffic (solid bulks, liquids and general merchandise) reaching the figure of 4,135,718 tons, a 4.20% increase over the same comparative period.

High performing sectors were metals (+53.65%), chemical products (+28.15%), crude granite (+11.64%) and food (+20.25%). Metals grew, mainly due to imports of aluminum, steel coils and billet. Imminently import traffic (75%) from India, Mozambique, Germany and South Korea.

Negative growth sectors were automobiles, (-4.75%) and frozen fishing (-4.42%). It is also significant, he points out, the decrease in the traffic of granite (-11.19%) and the slate (-12.32%).

A decrease in car traffic is basically due to the change in EU regulations that have affected exports to EU countries due to the entry into force of the 6 euro cent regulation that limited the polluting emissions of diesel vehicles from 1 September 2018 which has led manufacturers to focus on eliminating stocking, and not exporting new vehicles not adapted to current regulations.

Regarding frozen fishing, one of the most important sectors in the port, it suffered a significant decrease due to reduced discharges (-3.74%) and loads (-6.90%).

The main countries with commercial interchange are Namibia, Argentina, Malvinas Islands and Peru. In terms of traffic earnings, by volume, Namibia, (15.11%), Islas Malvinas (19.93%) and Ecuador (39.62%) have performed very well, he says. Faced with this, it is worth highlighting the losses, by volume, with Vietnam (-76.93%), USA. (-32.01%) and South Korea (-41.04%).

In what has been fresh fishing it has closed the year 2018 with a loss of -12.34% of the volume of sales in the Berbés and -4.56% in the value of the commercialization. These decreases were basically due to the behavior of species such as the horse (with loss of more than 6,500 tons) and the rooster, pompano and quenlla with losses of more than 500 tons each species. Regarding the loss of value, it is worth mentioning the rooster, hake and tuna, the species that have had the most impact on the decrease in value for sale.

In relation to the containerized traffic, measured in TEUs, during the year 2018 traffic lo-lo has grown by 0.52%, thanks to the behavior of the full containers, on the contrary, Ro-Ro traffic decreased in a 0.74% leaving the global of the volume of TEUs moved in the port with a growth of 0.32%.

Cruise traffic in the port of Vigo yielded final data in 2018 of 70 stopovers, a decrease of -4% compared to 2017 and 158,449 passengers (218,186 visitors, including crew), an increase of 13% over the previous year, after of two years of decreases above 15%.

The current forecast of cruises for 2019 is 68 scales and approximately 135,000 passengers, however, we have hopes based on improving these results.

Other matters of interest

The president of Autoridad Portuaria de Vigo (APV – Port Authority of Vigo), Enrique López Veiga, said that the results obtained are the consequence of events that can be described as extraordinary, such as, on the one hand, the waiver of the Free Zone to a concession in the TT Bouzas esplanade, which involved the transfer to Results as Activity Rate of €4.75 million ($5.38 million) and, on the other hand, the increase in the allocation of Cohesion Funds and ERDF, which has implied an increase in the transfer to results of subsidies in the amount of €830,000 ($940,141). But if we discount the result of the exercise, the effect of these two items would be €2.96 million ($3.35 million), a result that we could qualify as exceptional, since it exceeds by more than €1 million ($1.13 million) in 2017.

Source: Autoridad Portuaria de Vigo

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