Barcelona up 14.5pc to 2.2 million TEU as transshipments soar 47pc
THE Port of Barcelona handled 2.2 million TEU in the financial year of 2016, representing container volume growth of 14.5 per cent, largely due to a significant rise in transshipments, reports London's Container Management magazine.
Transshipments were up 47 per cent year on year to 431,750 TEU, as the segment continued its trend of recovery since being severely affected during the financial crisis.
Export container numbers grew by 3.8 per cent to 683,527 TEU while import containers advanced at a rate of 8.7 per cent, totalling 518,480 TEU.
The increase in foreign trade containers reflected "the efforts of the hinterland producers to open up to international markets" and showed "a clear recovery in domestic consumption", said the port authority.
Cabotage with the Balearics and Canary Islands also increased by 10 per cent to 124,455 TEU.
Additional growth in passengers and vehicles saw the port's revenue was stable at EUR155 million (US$167 million) "despite the significant cuts to port fees applied to concessions, which are the result of new land valuation", said the port authority.
During the period investments of EUR26 million were made, including several works projects related to rail access, the actions on Prat wharf, extending the rail terminal on the South Dock, the new road and rail access to Alvarez de la Campa wharf and the new ice factory at the fishing facilities.