The total freight volume handled by the Port of Antwerp fell in April due to the corona crisis, but rose by 0.4% overall during the first 4 months of 2020 compared with the same period last year.
Despite the impact of corona on global production and supply chains and a fall in demand as a result of the corona crisis, the port experienced slight growth in the total freight volume during the period January-April 2020 compared with the same period last year.
In the case of breakbulk, with steel as the most important product, the consequences of the worldwide disruptions in trade have made themselves felt since 2019, and the shutdown of some industries due to the corona crisis has led to a sharp drop of 15.7% in April and 29.1% in 2020 overall.
For dry bulk, there was little demand for coal due to the mild winter and the shutdown of the steel industry, and so also very little outgoing traffic to the hinterland. The fact that sufficient renewable energy (solar and wind) was available in Germany also contributed to the sharp drop in outgoing coal consignments. In the meantime other bulk categories remain under pressure and are declining in volume.
Impact analysis and prospects
Port of Antwerp is a major international port whose activities reflect developments in the European and world economies. Despite a weaker month in April, the port has been able to maintain its level of activity in terms of freight volume. The impact of lacklustre demand due to the corona crisis will make itself felt more strongly in the coming months. In the meantime, Port of Antwerp is doing everything necessary to ensure efficient functioning of the port.
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/20052020/port-of-antwerp-status-quo-despite-covid-19/