EBIT reached EUR101.6 million, while capital expenditures totalled EUR19 million, year-on-year increases of 11.6 per cent and 8.1 per cent, respectively.
Infrastructure improvement projects are on hold, however, with the extension of the Outer Weser, the upgrading on the Kiel Canal, and the deepening of the River Elbe in Germany not likely to be completed before 2020, reported American Shipper.
Earlier, Eurogate Container Terminal Limassol, Cyprus, opened in January with an annual handling capacity of 500,000 TEU.
Looking ahead, Eurogate's Contship subsidiary, Sogemar, is planning to build a new EUR40 million container railway at the Medcenter Container Terminal in Gioia Tauro, Calabria, to boost connections between the southern ports and central Europe.