8,026.27 TL BIST 100 BIST 100
28.93 $ USD USD
€31.46 EUR EUR
613.00 TL Interest Interest
78.38 $ Fossil Oil Fossil Oil
25.47 $ Silver Silver
3.88 $ Copper Copper
130.49 $ Iron Ore Iron Ore
375.00 $ Ship Dismantling Ship Dismantling
1,939.91 TL Gold (gr) Gold (gr)

The port of Antwerp resists the economic crisis

The Port of Antwerp-Bruges survived the economic instability in the first half of 2023.

The port of Antwerp resists the economic crisis

In the first six months of this year, the port's total cargo volume was 139 million tonnes, down 5.5% compared to the same period last year. The global economic situation has led to a decrease in demand for container transport, while other cargo flows show a mixed picture.

Despite the weak economic conditions, traditional bulk cargoes, including steel, are doing quite well, the port said. Throughput is in line with the pre-Covid-19 period, but down 17.2 per cent compared to the same period in 2022. The port emphasises that last year saw exceptionally high throughput rates due to the strong post-Covid-19 recovery.

This year, the slowing economy is accompanied by a decrease in demand for steel, the most important cargo group in the traditional bulk segment. Steel production, both imports and exports, decreased by 18% in total to 3.93 million tonnes. Of this amount, 2.39 million tonnes were inbound shipments and 1.54 million tonnes were exports.

Last year, the ports of Antwerp and Zeebrugge merged into a single company. However, steel transshipment in the port of Zeebrugge is almost non-existent. All steel traffic takes place in Antwerp.

In the current unstable economic conditions, the port says it is gaining market share in container transport compared to other ports on the Hamburg - Le Havre route.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Vulcan Green Steel: Oman's hydrogen-powered steel plant underway

Monday, December 4, 2023

The rate of rent increase for workplaces is determined

Monday, December 4, 2023

30 billion dollars of trade between Turkiye and Saudi Arabia!

Monday, December 4, 2023

Arvedi Group prepares to outsource its operations in Türkiye to a local company

Monday, December 4, 2023

A ferroalloy production plant will be built in Kazakhstan in 2025

Monday, December 4, 2023
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now