Record cargo transhipment for North Sea Port

In 2019, North Sea Port set a new record for seaborne cargo transhipment of 71.5 million tonnes.

North Sea Port is the 60-kilometre-long cross-border port area that stretches from Vlissingen on the North Sea coast in the Netherlands, some 32 kilometres inland to Ghent in Belgium.

The Port Authority recorded a profit before tax for 2019 of €34.4 million, which is €0.5 million higher than in 2018. At €107 million, total turnover was €2.3 million euros higher than in 2018. Port dues – for the use of port infrastructure and maritime services – contributed €45 million to turnover (+ €1.6 million). Turnover from the issue of land rose to €51.3 million (+ €2.2 million). Other revenues fell by €2.5 million due to the fact that there were some non-recurring revenues in 2018.

Operating expenses totalled €63 million in 2019. This represents an increase of €2.5 million compared to 2018, a large part of which is due to increases related to collective labour agreements and indexation.

In recent years, North Sea Port has seen a steady increase in cargo transhipment and a parallel increase in turnover. North Sea Port also stated that the coronavirus crisis is impacting the volume of cargo transhipment and this will be visible in the financial results for 2020. North Sea Port is taking the necessary steps to mitigate the costs as far as possible.

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