As shipping lines have seen their fortunes made after a period of severe decline in volumes during the pandemic, ports and terminals have not fared so well in Europe’s key region, of the Hamburg – Le Havre range where volumes have declined by more than a third in some cases.
Vessel operators have the option of moving their assets around to the regions and trades exhibiting the greatest level of demand. Terminal operators have no such advantage, with huge investments in fixed assets to provide the interlinking infrastructure between ocean and landside movements within the supply chain.
As a result of the pandemic, North European ports have suffered a substantial decrease in cargo volumes, handling 31.3 million TEU over the first nine months of the year, a 6% fall on the previous year’s volumes reports container-news.com
Wilhelmshaven in Germany was the most affected port, according to DynaLiners, with a 35% year-on-year decline in volumes seeing its market share also fall a remarkable 30%. French facility Le Havre lost nearly a quarter of its volumes in the same period, with a 23% decline in volumes resulting in an 18% loss in market share.
Only Antwerp’s figures did not stray into negative territory, with the port managing to break even compared to the first nine months of 2019, in terms of throughput, while gaining 7% in market share.
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