Port of Sines resists worldwide drops in containerized cargo

Monday, August 3, 2020
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The Port of Sines resisted the trend of sharp declines in container handling globally, registering an accumulated decrease of 2% in the first six months of this year. If the first quarter was even quite positive, the second was affected by the impact of the pandemic on the world economy. It should be remembered that Port of Sines’ Terminal XXI is included in the global logistics chains, absorbing part of the oscillations of this market at an international level. 

The forecasts for the second half are to maintain the volumes of the previous year in the general cargo segment, namely with regard to containerized cargo, and the continuous reduction in the handling of fossil fuels, contributing to a more sustainable planet. 

The first half of 2020 confirmed the trend towards a reduction in the handling of fossil fuels at the Port of Sines, in line with the challenges posed in the “European Ecological Pact”. As the main national gateway for the entry of energy products into the country, the impact of the necessary decarbonisation of the economy is a conscious process and the effects of which are being minimized by promoting the attraction of other types of cargo. 

Indeed, with the shutdown of the national thermoelectric plants, the Port of Sines stopped handling almost two million tons of coal, compared to the previous homologous semester. On the other hand, the reduction in the handling of crude oil due to the decrease in the demand for fuels (gasoline and diesel), in the context of the confinement motivated by Covid-19, had an impact of almost one million tons in the handling of liquid bulk, with the Liquefied Natural Gas maintaining the volumes of the previous homologous semester. The handling of the general cargo segment, which includes containerized cargo, remained practically unchanged. Thus, the set of the three cargo segments recorded a reduction of 12.7% in the first half of 2020 in relation to the same period of the previous year.