Gruzin Geo

Port of Gdańsk sets records in cargo handling and profits amidst geopolitical shifts

  • sotter sotter
  • January 31, 2024
  • 0

In a remarkable turn of events, the Port of Gdańsk, Poland’s largest port, has experienced a significant surge in cargo handling, reaching a staggering 81 million tonnes – an impressive increase of over 12.7 million tonnes from the previous year. The spike can be attributed to the geopolitical situation, with agro goods leading the charge with a notable 60% surge. Grain terminals, operating at full capacity throughout the year, played a crucial role in this increase, driven by the blockade of Ukrainian ports on the Black Sea, redirecting the transit of Ukrainian grain through Polish ports.

The standout performer in the port’s overall success was the handling of liquid fuels, witnessing a remarkable 47% rise to 37.6 million tonnes, making Naftoport a vital oil hub for the region. Despite stable market needs for other power resources, the Port of Gdańsk maintained its momentum, with coal imports remaining steady at 13.3 million tonnes. Notably, container terminals recorded a 2.5% increase in cargo handling, contributing to the port’s remarkable growth. This success is further underscored by ZMPG S.A.’s exceptional financial performance, boasting a net profit of PLN 224.4 million in 2023, a stark contrast to the PLN 65 million recorded in 2021. These outstanding results reflect the port’s strategic focus on infrastructure development, with nearly PLN 1.3 billion invested since 2018, facilitating its position as the fastest-growing European port over the past decade, with a remarkable growth rate of 167%.

Image source: https://www.portgdansk.pl/en/events/liquid-fuels-contribute-to-record-breaking-cargo-handling-at-the-port-of-gdansk/

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