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            august 26, 2019

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Indiaexportnews.com

Port of Le Havre 2018 annual revenue up 5.5pc

  18.04.2019    

The Port of Le Havre posted a 5.5 per cent year-in-year increase in 2018 revenue to EUR195 million (US$220.3 million), reported Shipping Gazette citing the port authority.
"The balance sheet allows the port to carry out the ambitious investment programme voted in 2018 and to consolidate its development as part of an integrated complex all along on the Seine corridor," said the statement from the port authority.
Said port supervisory board chairwoman Emmanuele Perron: "I am pleased with the results achieved both in terms of traffic and financial matters; I should like to congratulate and thank all the teams for the work done. The good figures mean we can'make it', that is to say, continue the operations undertaken in recent years and initiate new ones."
"The cash flow from operations exceeds the target set by the strategic project and stands at EUR55 million for 2018: a result that has tripled in the last five years," she said.
Hinterland full container traffic for the Port of Le Havre has been growing steadily for 10 years (+27.4 per cent), against a background marked by the weak dynamism of "containerisable" French foreign trade with countries outside the EU.
This growth in traffic is mainly driven by exports, in particular to North America (+54 per cent), but also to Africa (+49 per cent), South East Asia (+48 per cent) and Central America (+38 per cent).
HAROPA's (Le Havre. Rouen, Paris) market share in France's foreign trade with third countries is higher for exports (50 per cent) than for imports (40 per cent), consistent with the shipping services offer in Le Havre, which highlights its positioning as the "last port call for exports" (3.5 times more transoceanic services choose a port call in Le Havre as the "last port for exports" rather than the "first port for imports").
"The sharp increase in traffic since 2017 corresponds to services operated by the three major shipping alliances which have confirmed their confidence in the port of Le Havre; their activity today represents 76 per cent of our import flows and 54 per cent of our export flows," said the statement.



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