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Yilport grows 5% in 2018

Yilport handled 6.41M TEU in 2018, with trade between Turkey and Latin America a main growth driver.

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Yilport has been operating Puerto Bolívar since 2017.
Yilport has been operating Puerto Bolívar since 2017.

Yilport Holding is making steady progress towards its goal of breaking into the TOP 10 global port operators. The 6.41M TEU it handled in 2018 puts it in 12th place in Drewry’s Global Terminal Operators Annual Review and Forecast Report. Yilport facilities also handled 11.86Mt of general cargo and 444,973 CEU of ro ro traffic in 2018.

 

Yilport described 2018 as “a golden year of huge business results”, with its facilities benefiting significantly from growing trade between Turkey and Latin America. In Turkey Yilport Gebze was up 11% to 554,223 TEU, and Yilport Gemlik also recorded 11% to hit 524,652 TEU. In Ecuador, Yilport Bolivar recorded 23% growth to reach 380,276 TEU.

 

Yilport’s biggest facility in terms of throughput is Malta Freeport (where it has a 50% stake) which recorded 3.31M TEU in 2018, up 5.5% on the 3.15M TEU handled in 2017.

 

In the Nordic region box traffic at Yilport’s facilities in Sweden and Norway grew modestly by 2% to 474,535 TEU, while general cargo grew by a promising 8% to 2.22Mt. In Iberia, Yilport described container volume through its facilities as “flat”, with the exception of Yilport Leixoes in Portugal, which was up 6% to 660,835 TEU. Yilport operates seven terminal in Portugal and two in Spain.

 

Yilport has plenty of room for growth; it calculates the capacity of its existing facilities is over 10M TEU of containers, 22Mt of dry bulk and general cargo and 1M CEU of ro ro capacity. “Yilport is looking forward to 2019 with aggressive organic growth outlook across all operations,” the company concluded.

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