The upturn in container handling at terminal operator Eurogate is improving the business prospects of the Hamburg-based Eurokai Group.
The company announced that earnings expectations have once again improved significantly due to the much stronger figures in the Eurogate segment. As a result, the consolidated financial statements for 2024 will be significantly better than in the previous year.
Eurokai holds a 50% stake in the Eurogate joint venture with Bremen-based BLG Logistics. An annual profit allocation flows from this.
By the end of September, 9.1 million TEU had been handled at the container terminals. This was an increase of 10.4% compared to the same period in 2023, when 8.3 million TEU were handled. Wilhelmshaven saw particularly strong growth of 40.6% to 580,000 TEU.
However, Bremerhaven is also slowly emerging from the trough with +9.6% (3.35 million TEU), while the terminal in Hamburg only recorded a moderate increase of +1.8% to 1.43 million TEU.
