North Sea Port sees transhipment rise by 10%
(Posted on 18/07/22)
In the first quarter of 2022, the businesses in North Sea Port recorded 37.5 million tons of seaborne freight transhipment. That is 3.5 million tons more than in the same period in 2021, an increase of 10.3%.
This increase is mainly attributable to the second quarter of 2022, which was the strongest ever recorded. It also made it the best half year ever.
The transhipment of general cargo recovered strongly during the first six months of 2022 with a growth of over 21% – up 1 million tons to a total of 5.5 million tons, thanks to more steel sheet, fruit & vegetables and wood. That puts general cargo, over the first half of the year, at about the same level as before the pandemic.
Dry bulk experienced growth of 2.4 million tons to 20.2 million tons. This 13.6% increase was seen primarily in solid fuels (mainly coal and petcoke), oilseeds, building materials and products for the steel industry.
Liquid bulk remained static at a total of 8.7 million tons.
Due mainly to reduced transhipment of fruit & vegetables by container (as opposed to general cargo), container transhipment declined by over 13% to 1.1 million tons.
Russia was the most important trading partner in 2021. With an increase of almost 20% (to 3.8 million tons), that was also the case for the first half of 2022. Certain products from Russia fell under EU embargo this year or will do so from 10 July (wood) or 10 August (solid fuels). Additional stocks of such products have been built up in recent months. However, a decline in cargo traffic with Russia is anticipated for the second half of the year.
In addition, there has also been a notable increase in trade with the United States (+15%, solid fuels), Finland (+31%, solid fuels) and Canada (+40%, iron ore and fertilisers).
Like seaborne cargo transhipment, inland navigation transhipment also recorded its best quarter and best half year ever – 33 million tons for the first six months, an increase of almost 13%.
In a ‘normal’ year, the half-year figures can be more or less doubled to arrive at the annual result. In all likelihood, this will not be true of the figures for the first six months of this year. North Sea Port expects a decline in transhipment figures due to, among other things, the start of the trade embargo on timber and solid fuels from Russia, further rising inflation, a slow decline in built-up stocks and continuing high fuel prices.
Latest News
New middle east rail logistics offering fast-tracked
(Posted on 03/09/24)Noatum Logistics, an AD Ports Group company and a leading logistics provider serving the globe across... Read more
PD Ports 10 year contract extension with global chemical giant Venator
(Posted on 03/09/24)PD Ports is delighted to have secured a new ten-year contract with global chemical company Venator.The... Read more
New webinar to offer insight on how CommTrac optimises bulk cargo management
(Posted on 27/08/24)TBA's CommTrac bulk terminal operating system (TOS) optimises non-containerised cargo management. On... Read more
New dredger arrives on the Tees
(Posted on 27/08/24)The Emerald Duchess has proudly made its arrival to the River Tees.The £23m dredger, a major investment... Read more
Noatum enters Egypt’s maritime market with acquisition of Safina
(Posted on 18/08/24)Noatum, an AD Ports Group company, has announced the acquisition of a majority stake in Safina B.V.,... Read more
ABP announces new Humber leader
(Posted on 16/08/24)Associated British Ports (ABP), the UK’s largest and leading ports operator, is delighted to announce... Read more
Logistec appoints Patrick Burgoyne as Chief Strategy Officer to drive growth plan
(Posted on 14/08/24)LOGISTEC, a leading North American marine and environmental services provider, has announce the appointment... Read more
CN asks Canadian Government to order binding arbitration in labour dispute
(Posted on 13/08/24)Following the Canada Industrial Relations Board’s (CIRB) decision that does not bring the labour... Read more
AD Ports Group delivers impressive Q2 YoY increases
(Posted on 13/08/24)Driven by organic growth in the Ports, Logistics and Digital Clusters, and by the acquisitions of Noatum... Read more
HHLA TK Estonia enters grain season with new sustainable handling facilities
(Posted on 05/08/24)HHLA TK Estonia, a subsidiary of Hamburger Hafen und Logistik AG, is ushering in the grain season with... Read more
