Thursday, September 28, 2023
HomeHeadlinesPort of Gothenburg: Freight volumes continue to increase

Subscribe

To our FREE newsletter
Get all the latest maritime news delivered straight to your inbox.

Port of Gothenburg: Freight volumes continue to increase

The Port of Gothenburg is growing in terms of volumes and enhancing its position as the guarantor of Swedish industry’s access to the world at large – this is reflected in the Port’s reported volumes for the first half of 2022. And despite warnings of an imminent recession, Elvir Dzanic, CEO of the Gothenburg Port Authority, believes there will be continued growth for the industrial sector into next year.

The vast majority of Swedish foreign trade takes place by sea. When it comes to trade with countries outside Europe, the most common method is to transport freight on container ships. At the Port of Gothenburg, which is the largest port in Scandinavia, 433,000 twenty-foot containers (TEU) were handled during the first half of 2022. This is a 5% increase compared with the same period in 2021.

The Port is also increasing its market share in Sweden. The Port currently accounts for 52% of the Swedish container market, compared with 48% at the beginning of last year.

“As a port, we’ve shown that we can provide Swedish industry with efficient service, despite the fact that the global logistics system continues to experience successive forms of disruption, causing problems in many ports. So it’s logical that Gothenburg is increasingly becoming the port of choice,” says Elvir Dzanic, CEO of the Gothenburg Port Authority.

The Railport Scandinavia railway system links the Port of Gothenburg with over 30 inland terminals at locations all over Sweden, and is one strong contributory factor behind the increase in container volumes in the Port. New locations were added to the system during the first half of 2022, while existing traffic has seen additional growth. All in all, container transport activities by rail to and from the Port have increased by 10% compared with the same period last year.

Increase in ro-ro, passenger numbers, cruise ships and energy products – but fewer cars

The ferry and cruise segments are seeing dramatic growth, as people continue to travel more as restrictions are eased. The number of ferry passengers increased by 197% in the first half of 2022, while calls by cruise ships increased from six to 25 during the same period.

The Port’s intra-European ro-ro traffic – which takes freight by road to and from the UK, Denmark, Germany, Poland, Norway and the Central European hubs at Gent and Zeebrugge in Belgium – increased by 3% during the first half of the year, as 295,000 ro-ro units were loaded or unloaded.

The automotive industry continues to struggle with component shortages and delivery problems. This is evident in, among other things, a drop in the number of new cars registered in the EU, which fell by 14% in the first half of 2022. The Port of Gothenburg is the biggest port in Sweden for cars and handled 122,000 vehicles during the same period, this too a drop of 14%.

The flow of energy products through the Port increased by 10% compared with the first half of 2022. It is above all refineries that have increased their production, although storage of crude oil is at stable levels.

Related Posts

Video

Finance & Economy
Shipping News
Ports

Star Bulk Announces the Repurchase of 10 Million of Its Common Shares

Star Bulk announced that it entered into a Repurchase Agreement (with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands, pursuant...

Trafigura announces executive leadership changes

Trafigura Group Pte Ltd. has announced an evolution of its executive team to further strengthen leadership and focus across its global activities during a...

Woori, HMM, KOBC to buy Polaris in prospective $448 mln deal – report

Polaris Shipping Co. is poised to sell its entire stake at around 600 billion won ($447.5 million) to Woori Private Equity Asset Management Co....

Pyxis Tankers Announces Closing of Ultramax JV Investment

Pyxis Tankers, an international shipping company, reported that on September 14, 2023, the Company closed on its previously announced newly formed drybulk joint venture...

Korea’s STX denies rumor that it is backed by Chinese fund

South Korean general trading company STX Corp. has said its largest shareholder is a local investment firm, while refuting the false reports appearing through...

Baltic index scales 11-month peak on strong capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Baltic index scales over 9-month high on capesize surge

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Baltic index rises to over 4-month high on stronger capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Houston-Japan VLGC freight rates reach multi-year high

VLGC freight rates from Houston to Chiba, Japan, reached $245/mt Sept. 21 for the...

Baltic index snaps 11-session rally as rates for larger vessels ease

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Drewry: Port Throughput Index Down 2.1% in July

The Global Container Port Throughput Index fell 2.1% MoM in July 2023, with the small rises recorded in Africa and Oceania having been insufficient...

Vopak: Agreement with Infracapital on sale of Rotterdam chemical terminals

Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven)...

Port Hedland Iron Ore Exports Edge Up 4% in August

Pilbara Ports Authority has delivered a total monthly throughput of 62.8 million tonnes (Mt) for August 2023, consistent with the August 2022 throughput. The Port...

Thessaloniki, Gdańsk ports to explore synergies

Thessaloniki Port Authority S.A is expanding its role as a port of international importance through a new cooperation with the Port of Gdańsk Authority...

Hapag-Lloyd CEO: Counteroffer for HHLA would not be in our interest

Hapag-Lloyd CEO Rolf Habben Jansen said on Thursday that it would not be in the container shipper’s interest to make an offer for HHLA...