Germany's Eurogate profit up 13.4pc to US$83.5 million as sales rise 4.5pc
Time：2016-04-07
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Operating profit was 19 per cent up in 2015 to $103.5 million, noted Port Technology International.
Container volumes at German Eurogate locations, Bremerhaven, Wilhelmshaven and Hamburg, increased 8.2 million TEU in 2015 ?1.5 per cent more than 2014.
But total volume of containers handled across the European group was two per cent below 2015, at 14.5 million TEU.
Said Eurogate chairman Emanuel Schiffer: "Eurogate has achieved good operating results that will enable us in the coming years to make the group fit for the challenges of the future.
"However, we are currently confronted by a mature market characterised by highly intense competition. The shipping lines are responding to this with ever-larger containerships with transport capacities of [more than] 18,000 TEU.
"For us as terminal operators the challenges lie in coping with the resulting peak handling periods. We need to be able to offer our customers high levels of productivity to ensure that deploying ULCVs delivers the results our customers are looking for," said Mr Schiffer.