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APMT Gothenburg bucks European port trend

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APM Terminals Gothenburg (APMT Gothenburg) has continued to be spared the worst effects of the COVID-19 pandemic while enjoying growth in traffic and market share.

According to APMT, which cites recently published figures from Swedish Confederation of Transport Enterprises, APMT Gothernburg has grown four times faster than regional competitors and now has a market share of 44%.

APMT attributes APMT Gothenburg’s strong performance to its “creative and customized solutions”, in particular the “climate-smart train solution which has allowed more volume to be moved from Sweden’s East Coast.

“Over the past two years, we have consistently seen that flows are directed to Gothenburg thanks to the terminal’s high service level and the market’s demand for stable solutions,” Dennis Olesen, CEO of APM Terminals Nordic.

“The Corona pandemic has only accelerated this trend,” Olesen explained.

The Port of Gothenburg has, along with Sweden, remained largely open during the COVID-19 pandemic, and it has not seen the type of traffic declines other ports have.

In April it posted an year-on-year (YoY) increase in TEU volume between January and March compared to 2019, despite Volvo, its biggest client, halting production in Gothenburg as a consequence of the pandemic.

By contrast, traffic at the 10 biggest ports in Europe has fallen by 5% in the first quarter of 2020, whereas Gothenburg’s has increased by 8%.

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