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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.
The Port of Antwerp saw new growth in the first half, with a record high May. However, the port is about to reach its maximum capacity for containers, says CEO.
Dutch regulators are in talks with bunker companies to ensure increased transparency in terms of bunker fuel prices in Amsterdam, Rotterdam and Antwerp.
The Port of Antwerp saw trade with the UK drop 5 percent in 2017, and the European Sea Organisation said in March that Brexit risks "turning ports into bottlenecks."
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.
The Port of Antwerp had a record year in 2016. The port grew in container freight, while stealing freight from the major competitors in Rotterdam and Hamburg.
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 second-largest container port reports steady growth in the total amount of handled freight in the past year. Container grew big-time while oil and dry bulk volumes noted a more modest growth.
EU Commission is now investigating the Port of Antwerp for a possible breach of regulations regarding state aid given to the container operators PSA Antwerp and Antwerp Gateway.
The amount of oil products handled by the major Dutch port increased by close to 30 percent in the first six months of the year. Container business also improved.
With new expansion plans, Korea's Busan Port aims to handle 13 million TEU of transshipment cargo by 2020, ranking it number two in the world.
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.
Treasury Risk Manager with focus on financial risk management - Group Treasury, Bunker Holding
Executive, Operations - BW LPG
