Port of South LouisianaSailors SocietyViganTMS Awards 2023Geneva DryPort of Stockton
  • Van Aalst
  • TBA Group
  • Telestack
  • Vigan
  • Cimbria
  • Bühler GmbH

North Sea Port transhipment declines in first half of year

North Sea Port transhipment declines in first half of year

(Posted on 14/07/23)

North Sea Port companies recorded 33.4 million tons sea freight transhipment in the first half of 2023. This is 11% (-4.2 million tons) less than in the same period in 2022.

In 2022 North Sea Port recorded the best first half of the year ever, but this will not be the case in 2023. The 11% drop in transhipment is mostly seen in recession-sensitive products such as building materials, (automotive) steel and petroleum products including gas and diesel oil. 

Dry bulk (18.4 million tons) decreased by 9%. There was a reduced transhipment of coal, after all extra stockpiling last autumn. Transhipment of cement clinker also declined, in line with the declining trend in building materials. Shown by cargo type, liquid bulk transhipment (7.1 million tons) fell 18%, including gas and diesel oil, naphtha and chemical products. Transhipment of general cargo (breakbulk, 5.0 million tons) fell 11%. Containers (1.1 million tons) saw a 7% decline. In TEU, there was a small decrease (110,000 TEU, -1.5%). Ro/ro (1.9 million tons) decreased by 4%.

Russia was the main trading partner in the first half of 2022. In the second half this was completely different: trade with Russia more than halved (-56%), dropping to seventh place, largely due to EU sanctions.

Trade with Ukraine has declined further (-10%). This transhipment is partially taken up by transhipment from Poland (+0.5 million, +138%, mainly cereals), Australia (+28%), Belgium (+20%) and Canada (+6%). The United States is currently the most important trading partner.

Like sea freight transhipment, inland navigation transhipment also fell, but to a less extent. For the first six months, the decline amounted to 31.3 million tons of transhipment (-6.0%).

The European recession that set in at the end of last year and beginning of this year, is keenly felt in the cargo handling of international player North Sea Port. Despite the fact that the Netherlands and Belgium were not officially in recession during this period. 11% less sea freight transhipment, takes North Sea Port back to 2017 levels (not taking into account corona year 2020). Stocks at the port are well-restocked but rotate less because of lower demand. Periods of maintenance at some major companies will also affect transhipment. Expectations are that the economy in Europe will rebound which could produce a stronger fourth quarter by the year end.

Latest News

World first cross-border CO2 capture project in North Sea Port

(Posted on 26/11/23)

A 194 million euro investment in North Sea Port will secure large-scale CO2 reduction by the largest... Read more

German port industry expects ambitious port policy

(Posted on 17/11/23)

The Central Association of German Seaport Operators (ZDS) has called for a decisive German port policy... Read more

Pilbara potential for ammonia as clean iron ore carriers fuel

(Posted on 13/11/23)

A groundbreaking feasibility study has highlighted the potential for using clean ammonia to refuel ships... Read more

New IAPH Board ratified with Jens Meier appointed President

(Posted on 05/11/23)

IAPH has announced the ratification by the IAPH Council of the new IAPH Board. The Board is formed by... Read more

CN Announces Nova Scotia partnership with Genesee & Wyoming

(Posted on 05/11/23)

CN has announced that it acquired from Genesee & Wyoming Inc., a stake in the Cape Breton &... Read more

Hamburg Port increases port fees as of January 2024

(Posted on 31/10/23)

Due to continued very high inflation, the Hamburg Port Authority (HPA) will raise port fees by an average... Read more

New Lead Property Asset Manager to spearhead strategic growth at ABP

(Posted on 31/10/23)

The UK’s leading ports group, Associated British Ports (ABP), has appointed Jeff Gibb as Lead... Read more

Total Rotterdam throughput falls as iron ore and scrap increase

(Posted on 26/10/23)

In the first nine months of 2023, there was 6% less throughput in the port of Rotterdam: 329.9 million... Read more

Continued economic instability impacts Port of Antwerp-Bruges

(Posted on 26/10/23)

After nine months, the total throughput of Port of Antwerp-Bruges was 204.4 million tonnes, a drop of... Read more

LOGISTEC enters agreement to be acquired by Blue Wolf Capital Partners

(Posted on 19/10/23)

LOGISTEC Corporation have announced that it has entered into an arrangement agreement with 1443373... Read more

TelestackIMPA EventsTBA GroupCimbriaBühler GmbHVan Aalst
  • IMPA Events
  • Geneva Dry
  • Port of Stockton

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping