Best quarter ever for Port of Antwerp

Best quarter ever for Port of Antwerp

The total freight volume handled by Port of Antwerp was up 0.7% during the first six months compared with the same period last year, itself already a record half.

After two absolute record months, April and May, with more than 1 million TEU, Port of Antwerp closed the second quarter with a strong month in June. Result: a record volume on a quarterly basis. The continued growth in the number of containers and the volume of dry bulk in particular compensated for the decline in other, more market-sensitive sectors such as liquid bulk and breakbulk. This was achieved despite the slow-down in European growth and uncertainty in the market. Greater transhipment continues to drive the Antwerp container business upwards.

Container peaks in April and May

Container freight performed strongly in the second quarter with a new record volume which was immediately topped in May. Container peaks in April and May brought the growth rate to +4,9%, thanks mainly to more transhipment to and from all trading regions with the exception of South America. Transhipment trade with the Far East even scored double digit growth of 11.7%.

Jacques Vandermeiren, Port of Antwerp CEO, stated: "Container throughput continues to expand, which is good news for our leading position in the worldwide logistics chain. However, achieving the desired modal split remains a focus of attention. Ongoing efforts are aimed at getting more containers carried by rail and barge."

Decline in breakbulk stabilised

Better months in May and June were good news for breakbulk handling. After six months the volume stabilised with at a level 1.7% down compared with the end of the first quarter. The conventional breakbulk volume also recovered slightly, with only 3.2% less compared with the first six months of 2018 thanks to slightly better performances in iron and steel exports.

The ro/ro volume for its part expanded by 3.2% in the first quarter and then flattened out with growth of just 0,9%. Meanwhile the volume of new rolling stock was down by 7.9% in the second quarter and 6.3% in the first six months. This evolution is in line with the global trend towards lower vehicle production. On the other hand the volume of second-hand cars rose by 15.5% in the second quarter and 10.1% in the first half year.

Dry bulk peaks in second quarter

The dry bulk volume managed to reverse a drop of 8.8% at the end of the first quarter, turning it into a rise of 8.7%. This was despite 8% less fertiliser, 25.7% less ore and 6.5% less sand and gravel being handled. The figures for coal by contrast were four times higher than in the same period last year, while the volume of scrap rose by nearly 10%.

Dry bulk is traditionally characterised by high volatility, with a wide range of goods that vary greatly in character.

Liquid bulk gives hopeful signals

Despite some relatively strong months in May and June, liquid bulk experienced a drop of 6.4%, following a drop of 8.2% at the end of the first quarter. The volume of crude oil expanded by 3.2%, while there was a similar expansion of 5.4% in the volume of chemical products. On the other hand the volume of oil derivatives did not recover substantially during the second quarter. After three months the figure was 11.9% below the level of the previous year, and after six months it was still 10.9% below. The slowdown in economic growth and large fluctuations in oil prices caused uncertainty among traders. However, there are hopeful signals: the tank storage company Standic recently announced an investment of 200 million euros for a new, state-of-the-art storage terminal for chemical products.

Seagoing ships

The number of seagoing ships calling at Antwerp in the past six months was 7,200, down just 0.1% on the same period last year. The gross tonnage of ships anchoring in the port was up by 0.6%, to 209,283,498 GT.

Annick De Ridder, alderman for the port, concluded: "Antwerp is continuing on its growth trajectory despite the current international climate. We are particularly proud that once again we have been able to achieve record figures in important segments. These figures once more underline the need for additional container capacity. I am fully convinced that together with our port companies and other partners we will continue along this growth path."
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About Port of Antwerp

As Europe's second-largest port, the Port of Antwerp is a major lifeline for the Belgian economy: more than 300 line services to over 800 destinations ensure global connectivity. The Port of Antwerp annually handles around 235 million tonnes of international maritime freight, and is home to Europe's largest integrated chemical cluster. The Port of Antwerp accounts, directly and indirectly, for a total of around 143,000 jobs and more than €20 billion added value.  

True to its mission 'a home port vital for a sustainable future’, Antwerp Port Authority aims to flexibly respond to a rapidly evolving maritime market, allowing the port to continue playing its role as a leading world port. The emphasis in this respect is on cooperation, adaptability, a strong focus on innovation and digitisation, and on sustainable added value, as well as on responsibility towards society. 

Antwerp Port Authority is a limited liability company of public law, with the City of Antwerp as sole shareholder. It employs over 1,500 people. Port alderman Annick De Ridder is chairman of the Board of Directors and Jacques Vandermeiren is CEO and President of the Executive Committee, which is responsible for the day-to-day management. www.portofantwerp.com  

The telephone number +32 3 205 20 70 is only for press inquiries. For other questions you can mail to communicatie@portofantwerp.com

Port of Antwerp
Havenhuis
Zaha Hadidplein 1
2030 Antwerp
Belgium