Economic importance of the Flemish maritime ports: Report 2002

More documents

Recommendations

Info

3.3 Comparison of change in value added and employmentGRAPH 1CHANGES IN VA AND EMPLOYMENTEmployment (in FTE)1200001150001100001050001000009500012000100008000600040002000VA (in millions of euros)900001995 1996 1997 1998 1999 2000 2001 2002Direct employmentIndirect employmentDirect VAIndirect VA0Source: NBB.Graph 1 shows that direct and indirect VA changes in almost the same way. Anyway the correlation is quite high.However the same cannot be said about employment. Although over the period in question direct employment isrelatively stable, with a peak in 2001, the same is not the case for indirect employment. The latter, after stronggrowth up to 2001, shows a marked drop the following year. The decline in employment by the Antwerp shippingcompanies, in the car manufacturing at Antwerp and Ghent and in the fishing sector at Ostend explains thedecrease in indirect employment in 2002, since these three sectors are heavily dependent on external manpower,the ratio of indirect to direct employment sometimes exceeding the 200 p.c. mark. The fall in indirect employmentis also explained by the deterioration in the economic climate in 2002. As noted in point 3.5, stagnation intemporary working is observed as well.The graph also highlights the changes between indirect and direct VA in 1999 and 2000. Although these twovariables change according to the same pattern, we can in fact see a significant positive difference betweenindirect VA and direct VA in 1999, which becomes negative in 2000. The origin of the first event can be found inthe fact that in 1999, services provided by shipping companies improved at Antwerp, Ghent and Zeebrugge; thisyear was also favourable to the other Antwerp logistics services (mainly coordination centres) and the Ghent andOstend food industry. Although other sectors, which were not very dependent on subcontracting, saw theirproduction fall in the same year, those just quoted, which are heavily dependent on external services, saw anincrease in their own production. This explains why the curve for indirect VA moves above that for direct VA. Atthe same time, the reversal of the trend observed in 2000 is explained by a fall in activity in the car manufacturingsector at Antwerp and Ghent and with regard to shipping companies at Ghent and Zeebrugge.12 NBB WORKING PAPER No.56 - JUNE 2004
3.4 Overall data on direct investmentThe study relates to tangible fixed assets at current prices as fixed assets realised in the course of the financialyear. Some corrections are made in the event of takeovers, as stated in the methodology (annex 1).TABLE 4INVESTMENT(millions of euros)1995 1996 1997 1998 1999 2000 2001 2002 Relativeshare in2002(in p.c.)Changefrom 1995to 2002(in p.c.)Annualaveragechange(in p.c.)Antwerp ................ 1,098.2 1,231.8 1,224.6 1,211.8 1,012.0 1,321.4 1,559.5 1,481.3 59.2 34.9 4.4Ghent.................... 331.4 447.4 385.3 430.5 659.0 600.3 629.8 802.4 32.0 142.1 13.5Ostend .................. 154.2 50.8 90.1 101.5 117.7 97.5 64.8 58.5 2.3 - 62.0 - 12.9Zeebrugge ............ 109.9 97.4 130.1 187.6 191.0 166.4 122.7 110.0 4.4 0.1 0.0Outside ports ........ 55.5 65.4 71.5 80.1 70.5 77.9 63.2 51.6 2.1 - 7.0 - 1.0Total investment. 1,749.2 1,892.8 1,901.5 2,011.5 2,050.3 2,263.5 2,440.0 2,503.8 100.0 43.1 5.3Source: NBB.For Antwerp, the year 2001 constitutes a peak for the period concerned, with investments exceeding 1.5 billioneuro (table 4). The upward trend, which began in 2000, seemed to be confirmed after a more modest year in1999. From 1995 to 2002, the port of Ghent saw investments more than double (+ 142.1 p.c., i.e. + 13.5 p.c. asan annual average). At Antwerp, the amount of investment has increased by 4.4 p.c. per annum over the sameperiod. On the other hand, there was stagnation at Zeebrugge (after several increases in 1997 and 1998, in 2002it returned to the 1995 level) and a drop of 12.9 p.c. per annum at Ostend. In 2002, investments at current pricesreached 2.5 billion euro for all ports, i.e. a rise of 2.6 p.c. in comparison to the previous year: this level was abovethe investment price index for 2002 (- 0.4 p.c. 29 ) This trend came from the port of Ghent, which recorded a rise of27.4 p.c. However, investments dropped in the other three ports: - 5.0 p.c. for Antwerp, - 9.6 p.c. for Ostendand - 10.4 p.c. for Zeebrugge. These developments are examined in detail in the next chapter.3.5 Overall data on the social balance sheet 30Since its introduction in 1996, the social balance sheet has offered a consistent data set covering changes invarious aspects of company employment ranging from staff appointments and staff composition to employees’contractual status and qualifications, personnel costs, training policy and reasons for contract termination. As notall companies included in this study file their annual accounts based on the full presentation, the findings beloware not exhaustive. Indeed, the constant sample defined for the period from 2000 to 2002 groups together 1,555companies, which is slightly less than half of the total population considered in this study (3,147 companies in2002). Comments focus on the changes that took place during the last three years. The 2002 figures are given ingreater detail, by sector, in annex 7.2930Source: Belgostat online (http://www.belgostat.be)The national data given in point 3.5 are taken from the Social Balance Sheet 2002 (NBB, Economic Review 2003/4). Theresults given here relate to a constant sample and are aggregated for all of the ports.NBB WORKING PAPER No. 56 - JUNE 2004 13
Page 3: AbstractThis paper provides an exte
Page 8 and 9: conditions than those in Europe in
Page 10 and 11: 1 INTERNATIONAL CONTEXTIn 2002 the
Page 12 and 13: average 41.1 p.c. of the traffic in
Page 14 and 15: The study goes on to describe some
Page 16 and 17: 3.1.2 Changes in indirect VAAs poin
Page 20 and 21: 3.5.1 Contract type and human resou
Page 22 and 23: GRAPH 4TOTAL NUMBER OF STAFF EMPLOY
Page 24 and 25: as a whole (0.8 p.c. in 2002). Desp
Page 26 and 27: • A slight decline in solvency wa
Page 28 and 29: 4.1.2 Value addedTABLE 7 SUMMARY OF
Page 30 and 31: • The car manufacturing rose by 4
Page 32 and 33: TABLE 9 SUMMARY OF CHANGES IN EMPLO
Page 34 and 35: TABLE 11 SUMMARY OF CHANGES IN INVE
Page 36 and 37: 4.1.5 Financial ratios (private com
Page 38 and 39: 4.2 Port of Ghent4.2.1 Significant
Page 40 and 41: TABLE 16 SUMMARY OF CHANGES IN VALU
Page 42 and 43: 4.2.3 Salaried employmentTABLE 18 S
Page 44 and 45: At the port of Ghent, the major cha
Page 46 and 47: investments was seen (+ 26.9 p.c.),
Page 48 and 49: Binnenvaart Bulk en Container Trans
Page 50 and 51: 4.3 Port of Ostend4.3.1 Significant
Page 52 and 53: TABLE 25 SUMMARY OF THE CHANGES IN
Page 56 and 57: Changes by sector in direct effects
Page 58 and 59: continued in 2002. Hence, investmen
Page 60 and 61: TABLE 32RATIOS BY SECTORSectorsRetu
Page 62 and 63: 4.4 Port of Zeebrugge4.4.1 Signific
Page 64 and 65: TABLE 34(continued)SUMMARY OF THE C
Page 68 and 69:
• Following two good years for th
Page 70 and 71:
36.0 p.c. in industry and by 51.9 p
Page 72 and 73:
By sectorTABLE 41RATIOS BY SECTORSe
Page 74 and 75:
5 SUMMARY OF THE MAIN RESULTS AND P
Page 76 and 77:
5.2 Prospects for the Flemish marit
Page 78 and 79:
List of abbreviationsd.w.t.ESA 95EU
Page 80 and 81:
TABLE 45CLUSTERSClustersNACEcodesDe
Page 82 and 83:
3.2 SelectionNon-maritime companies
Page 84 and 85:
Comment: This is why there is a two
Page 86 and 87:
o 3413 early retirement (*)o 3423 d
Page 88 and 89:
5.2 Estimation of indirect effects5
Page 90 and 91:
means that this value grew by 4.0 p
Page 92 and 93:
86 NBB WORKING PAPER No.56 - JUNE 2
Page 94 and 95:
- ten zuiden: het kanaal Plassendal
Page 96 and 97:
Haven van Gent - Port de Gand - Por
Page 98 and 99:
Haven van Zeebrugge - Port de Zeebr
Page 100 and 101:
Suttak Nace-bel Cluster Sector Defi
Page 102 and 103:
Suttak Nace-bel Cluster Sector Defi
Page 104 and 105:
ANNEX 4:LIST OF PUBLIC ADMINISTRATI
Page 106 and 107:
1.2 EMPLOYMENTTABLE 50SUMMARY OF TH
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
TABLE 59BREAKDOWN OF FINDINGS BY CL
Page 116 and 117:
TABLE 63BREAKDOWN OF FINDINGS BY CL
Page 118 and 119:
Table 65(continued)SOCIAL BALANCE S
Page 120 and 121:
ANNEX 8: MARITIME TRAFFIC BY PORT I
Page 122 and 123:
ANNEX 9:GLOSSARY AND MARITIME TRANS
Page 124 and 125:
3 Intermodality 86In the transport
Page 126 and 127:
KB Weekly Bulletin no. 51/16 (May 1
Page 128 and 129:
NATIONAL BANK OF BELGIUM - WORKING
Page 130:
53. « Does Financial Liberalizatio
show all

Economic importance of the Flemish maritime ports: Report 2002

Create successful ePaper yourself

Delete template?

Save as template?