Business News

Luka Koper revenue grows despite economic slowdown

Koper, 09 January (STA) - Luka Koper, the operator of Slovenia's only sea port, generated EUR 224.5 million in net sales revenue last year, a 1% uptick compared to the previous year, preliminary data show. Meanwhile, ship to ship transshipment dropped by 5% over 2018 to 22.8 million tonnes, the group announced on the website of the Ljubljana Stock Exchange on Thursday.

Container transshipment stayed level over 2018, while liquid cargo transshipment increased by 12%. On the other hand, bulk cargo transshipment decreased by 17%, vehicle transshipment by 4% and general cargo transshipment by 16%.

Luka Koper said that liquid cargo transshipment was record-high in 2019, mainly due to favourable trends in fuel transport and sufficient terminal capacities.

The second half of 2019 was marked by economic cooling, which affected Luka Koper's operations as well, most notably in goods transshipment. Apart from manufacturing slowdown, the situation was made more precarious by trade wars and political conflicts overseas.

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