Europe's largest petrochemical company, Ineos, will spend USD 3.36 billion on installing a huge gas facility in the Port of Antwerp. "We believe this investment will reverse years of decline in the sector," says CEO Sir Jim Ratcliffe.
Major Belgian port Antwerp grew across virtually all freight types in this year's first three quarters – only one segment suffered a setback. Port Authority CEO believes in maintained growth going forward.
Europe's largest port, Rotterdam, is demanding full transparency in the state aid for competing ports such as Antwerp and Hamburg, after the EU Parliament recently passed a port package which has been in the works for 15 years.
Since March this year, Antwerp has overtaken Rotterdam as the most important port in Northern Europe in terms of the number of monthly calls by deep sea container carriers, according to a new analysis from SeaIntel.
66 percent more ultra large container vessels called in the port of Antwerp during the first half year than in the same period of 2015. Despite declining bulk volumes, the port anticipates another record year.
Europe's two largest container ports, Rotterdam and Antwerp, can look back on a strong first half of the year with massive growth. The positive development is especially attributable to the container market, where bigger ships and news alliances are pushing volumes upwards, they write.
The major Belgian port grew 5.9 percent overall in the first three months of the year. The port authority is pleased with the result, but warns against excessive optimism in a shipping market that remains challenged.