Business News

Cargo Transshipment at Luka Koper Up in First Nine Months

Koper, 18 October (STA) - Cargo transshipment at the Luka Koper port has increased in the first nine months of 2012 year-on-year, as the port transshipped 13.2 million tonnes, up from 12.5 million tonnes that went through the port in the first nine months of 2011. The company's revenue amounted to EUR 100.5m, up 1% over the same period last year.

Luka Koper said in a press release posted on the Ljubljana Stock Exchange web page on Thursday that the transshipment of bulk cargo has increased by some 10% to 5.29 million tonnes and liquid cargo was up 9% to 2.4 million tonnes.

Transshipment of cars was up 6% to 499,926 tonnes, while general cargo remained level at around 1 million tonnes.

Meanwhile, container transshipment was the only segment to record a drop in the first nine months of 2012, shedding 1% with nearly 4 million tonnes. The number of transshipped containers dropped 3% year-on-year.

However, revenue generated by container transshipment has increased slightly, generating EUR 24.5m between January and September, according to the press release.

Business revenue has increased to EUR 100.5m compared to EUR 99m in the first nine months of 2011. The biggest increase was recorded in cars transshipment, which was up by nearly 20%, reaching EUR 11.9m.

Luka Koper CEO Bojan Brank stated in the press release that the drop in container transshipment was due to cheaper road transport to northern Europe and the estimate that absolute transshipped quantities dropped.

Another problem, according to Brank, is the shallow sea at the port, however, the situation is improving, as the port is already deepening the seabed.

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