Economic importance of the Flemish maritime ports: Report 2002

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• A slight decline in solvency was noted in 2002 at the ports of Antwerp (chemicals and car manufacturingindustries) and Ghent (metal-working and electronics industries). Ghent port’s solvency is less than theaverage for non-financial companies as a whole. At Ostend and Zeebrugge, the opposite situation can benoted in the metal-working and cargo handling sectors respectively.20 NBB WORKING PAPER No.56 - JUNE 2004
4 SPECIFIC SITUATION OF EACH PORT4.1 Port of Antwerp4.1.1 Significant facts in 2002 36• ContextThe signs of economic recovery at the beginning of 2002 did not last. World growth in output however amountedto 2.8 p.c. in spite of poor performances in Europe (0.7 p.c. for the EU, the same as Belgium at 2000 prices 37 ).During this period, the prospects for recovery in 2003, which have since proved unfounded, helped to supporttrade and, consequently, the freight level.According to the Antwerp port authority Annual Report 2002, this year was relatively favourable to the port'sactivity. The total volume of freight (131.6 million tonnes transhipped in total) placed it in the Top 10 of the world’smajor ports, in fourth place for international maritime goods traffic 38 and tenth place for container traffic. Containerfreight remained the main element in the growth of the port of Antwerp and domestic freight also grew.However with regard to the competitive position of the port of Antwerp in the Hamburg – Le Havre range, acyclical decline was recorded in liquid bulk traffic and a structural decline in dry bulk traffic, even though the portremains the European leader for non-containerised general cargo 39 with a 25 p.c. market share for the range.Antwerp, just like Hamburg, is gaining ground in container traffic, at the expense of the leader in this field,Rotterdam. But the ports of Antwerp and Rotterdam are becoming increasingly complementary with regard toinfrastructures. The conditions for achieving synergies are also being examined. To this end, a memorandum hasbeen signed by Belgium and the Netherlands.• IndustryIn January 2002, Opel expanded with a spare parts unit. The following month, Noord Natie Terminals planned thesetting up of a new tank storage terminal for hazardous chemicals to be run by A4S (Antwerp for Storage). On 28February, the merger between Hessenatie and Noordnatie was completed. At the end of April, the first semimobilecontainer scanner was introduced. In the chemicals sector, the BASF group decided to build a factory atAntwerp to manufacture ABS material and in June the same company opened a new factory on its site for theproduction of SAP, superabsorbent polymer. The construction of combined systems for the production ofelectricity, industrial gas and steam distribution was confirmed in 2002. Air Liquide, RWE and Electrabel aretaking major initiatives to extend their presence and networks in the port area.• InfrastructureA memorandum of understanding was signed on 4 March 2002 with a view to reaching a decision at the end of2004 on the strategic report on the environmental effects and cost-benefit analysis for the project to deepen theScheldt. In order to deal with the continued growth in container traffic, it was decided to build Containerdok West,also called Deurganckdok, to the South of Doel on the left bank. In addition, a number of projects were continuing:« Iron Rhine route » 40 , the development of a second railway line for the port and the opening up of the left bank.3637383940Sources: Antwerp Port Authority Annual Report 2002 and Vlaamse Havencommissie Annual Report 2002. See also websitewww.portofantwerp.be.Source: Belgostat online.This ranking does not take account of the traffic between two ports of the same country.See terminology in the glossary in annex 9.This Belgian-Dutch project, which made little progress in 2002, consists of continuing the development of the railway linelinking the port of Antwerp to the German region of the Ruhr and to eastern Europe. Reducing the railway section with50 kilometres compared to the existing line constitutes the main benefit of this project, together with the fact that the landthrough which it runs is much flatter than that of its present route.NBB WORKING PAPER No. 56 - JUNE 2004 21
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 18 and 19: 3.3 Comparison of change in value a
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 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
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5.2 Prospects for the Flemish marit
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List of abbreviationsd.w.t.ESA 95EU
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TABLE 45CLUSTERSClustersNACEcodesDe
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3.2 SelectionNon-maritime companies
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Comment: This is why there is a two
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o 3413 early retirement (*)o 3423 d
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5.2 Estimation of indirect effects5
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means that this value grew by 4.0 p
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86 NBB WORKING PAPER No.56 - JUNE 2
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- ten zuiden: het kanaal Plassendal
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Haven van Gent - Port de Gand - Por
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Haven van Zeebrugge - Port de Zeebr
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Suttak Nace-bel Cluster Sector Defi
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Suttak Nace-bel Cluster Sector Defi
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ANNEX 4:LIST OF PUBLIC ADMINISTRATI
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1.2 EMPLOYMENTTABLE 50SUMMARY OF TH
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TABLE 59BREAKDOWN OF FINDINGS BY CL
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TABLE 63BREAKDOWN OF FINDINGS BY CL
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Table 65(continued)SOCIAL BALANCE S
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ANNEX 8: MARITIME TRAFFIC BY PORT I
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ANNEX 9:GLOSSARY AND MARITIME TRANS
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3 Intermodality 86In the transport
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KB Weekly Bulletin no. 51/16 (May 1
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NATIONAL BANK OF BELGIUM - WORKING
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53. « Does Financial Liberalizatio
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Economic importance of the Flemish maritime ports: Report 2002

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