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Europe Container Transshipment Market Trends

  • Report ID: GMI11987
  • Published Date: Oct 2024
  • Report Format: PDF

Europe Container Transshipment Market Trends

The Europe container transshipment industry is set for expansion as robust investments in port infrastructure catalyze improvements in capacity and operational efficiency. Enhanced facilities, such as specialized terminals for oversized and complex cargo, enable ports to better meet the evolving demands of global trade. This strategic focus on upgrading logistics capabilities not only streamlines operations but also bolsters Europe’s competitive edge as a key transit hub, ensuring it can accommodate increasing shipping volumes and foster economic growth in the region.
 

For instance, in May 2024, Dubai-based ports and logistics giant DP World announced an investment of USD 141 million across three distinct projects in Romania. In the Port of Constanta, the largest container port on the Black Sea, DP World has allocated approximately USD 70 million to establish two new facilities: a 5-hectare project cargo terminal designed for heavy, oversized, and complex cargo, and a new RORO terminal, which will eventually handle up to 80,000 vehicles annually at peak capacity. Additionally, approximately USD 54 million has been earmarked for a new multi-transport platform in Constanta, expected to launch in 2025.
 

The expansion of cold chain logistics to cater to perishable goods and temperature-sensitive products is providing significant market opportunities for container transshipment. With the growing demand for fresh produce, pharmaceuticals, and other temperature-controlled items, ports are enhancing their facilities to support cold storage and specialized handling. This trend not only increases the volume of goods that can be transshipped but also improves the overall efficiency of supply chains. As consumer preferences shift towards fresh and high-quality products, the emphasis on cold chain logistics is expected to drive further growth in the market.
 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for container transshipment in Europe reached USD 2.7 billion in 2023 and is set to grow at a 2.8% CAGR from 2024 to 2032, driven by significant investments in port infrastructure expansion and modernization.

The large containers segment accounted for USD 1.8 billion in 2023 and is expected to grow significantly due to their efficiency in transporting bulk goods.

The Netherlands container transshipment market accounted for 22% of the revenue share in 2023, due to its strategic geographic location as a gateway to Europe.

Major players in the industry include APM Terminals, CMA CGM, COSCO Shipping Ports, DP World, Eurogate, Hamburger Hafen und Logistik, Hutchison Ports, MSC (Mediterranean Shipping Company), PSA International, and Terminal Investment Limited.

Europe Container Transshipment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 180
  • Countries covered: 12
  • Pages: 150
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