Friday 28 July 2023

Decline in Cargo Turnover at Stade Port: Aftermaths of the Energy Crisis

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The port of Stade (Lower Saxony) witnessed a decline in cargo turnover last year, as per the recently released annual report.

In 2022, the port handled approximately 5.1 million tons of goods. Overall drop of -13% for the year-on-year comparison. Among them: solid bulk cargoes -4%, chemical products -27%.

The decline has been attributed to the energy crisis, which coincided with rising natural gas costs, leading to a substantial reduction in production by the energy-dependent sectors of industry and thus on the maritime trade in Lower Saxony (overall, -6% decrease in turnover across all its seaports, with the Stade port making it below the average decline for the region).

For furhter details see the reporting site https://www.seaports.de/

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