May 3, 2025
Key highlights from North Sea Port’s Q1 2025
North Sea Port= Gent, Terneuzen and Vlissingen
General Throughput
- Total seaborne cargo: 16.6 million tons, up 0.9% year-on-year (+200,000 tons).
- Growth mainly driven by liquid bulk and container handling.
- Follows a positive year in 2024 with +0.7% growth.
- Diversified activities continue to provide stability amidst global uncertainty.
Cargo Segment Highlights
- Liquid bulk: Up 7.8% to 3.9 million tons (+300,000 tons).
- Dry bulk: Down 1.9% to 8.7 million tons (-200,000 tons).
- Container traffic: Up 33% to 45,000 TEU (~500,000 tons).
- Break bulk Slight drop of 1.5% to 2.5 million tons (-40,000 tons).
- Ro-Ro: Decreased 5.1% to 950,000 tons (-50,000 tons).
Geopolitical & Trade Trends
- United Kingdom: Continued growth of +9.8%, remains largest trading partner.
- United States: Trade up +11.5%, including a 100,000-ton increase in exports.
- Russia: Trade declined -32%, now at just 500,000 tons, due to EU sanctions.
Geopolitical tensions (e.g. US trade war) may affect future performance.
https://en.northseaport.com/north-sea-port-also-records-modest-growth-in-the-first-quarter-of-2025
