Container volumes at Duisburger Hafen AG (Duisport), reached approximately 4.0 million TEU in 2019, a similar level, 4.1 million TEU, to that achieved in 2018.
With a share of around 60%, container handling is Duisport's most important business segment. Total goods handling is expected to decline from 65.3 million tonnes to approximately 61.1 million tonnes, a decline of 4.2 million tonnes.
The drop in total goods handled is due to weak industry demand and Germany's move away from coal-based electricity, which led to another significant decrease in bulk cargo. The coal and steel sector was 20% of the port's volume, below the previous year’s level. Other factors include the closure of the Öresund bridge, which has significantly impacted the trade with Scandinavia, and weaker demand for preliminary chemical products.
Stable developments in container handling
The stabilisation of container handling volumes to 4.0 million TEU a fall of 2.5%, after two record years, and under continued difficult conditions, confirms the future viability of the Duisport concept. Together with Chinese logistics group Cosco Shipping and other partners, around US$110.2 million will be directly invested in infrastructure improvements in the form of a new container terminal.
In this way, the Port of Duisburg will continue its strategy of shifting freight transport, particularly transport from eastern Europe, from road to rail. The expansion measures and the addition of new customers, particularly in logport VI, will trigger positive results for goods handling starting in 2021.
Duisport Chief Executive Officer, Erich Staake, commented:
“The exit from coal, the continued crisis in the steel sector, the uncertain political environment associated with the energy transformation, the challenges of digitisation and the apparent economic downturn - all these factors are akin to a second structural transformation for the entire North Rhine-Westphalia region. The diversified business model of Duisburger Hafen AG is well-equipped for these challenges. But even a company as prepared as ours cannot buck a progressively deteriorating trend in the long term.”