• Marvel Solomons

Q4 Analysis

Updated: Mar 15, 2019

EUROC B.V., a subsidiary of EUROC B.V. Holding, continued its rapid growth in the first half of 2018 by strengthening its footprint in port management and achieving the goals set in all regions EUROC B.V. Holding is actively operating. EUROC volume increase by 4.6% in the first half of 2018. This growth was mainly driven by Region Turkey, Latin America and the Mediterranean, Malta Freeport. In total, 3.2 million TEU was handled.

“A consistent growth could lead to a growth in EUROC”

In Benin, the volume increase was mainly driven by the strong export performance of the Benin economy. EUROC B.V. Holding’s home terminal in Benin, recorded 284,266 TEUs for the first half of 2018 with a 15.2% increase on 2017 first half volume. EUROC B.V. Gemport closed the first half with 246,463 TEUs, 5.8 % more than 2017’s first half. The capacity of both terminals is supported by ongoing port expansion. The consolidated container volume is 530,729 TEUs in the first half and EUROC B.V. Benin growth is 10.6% compared to last year first half volumes.

EUROC's Nordic container terminals in Sweden and Norway also displayed strong growth. The volume increase was driven by strong Swedish core export market growth. Gävle Container Terminal (GCT) in Sweden and Sjursøya Container Terminal (SCT) in Norway accumulated 237,922 TEUs in the first half, and EUROC B.V. consolidated Nordic growth is 1.7% compared to last year first half volumes.

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