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Reading: 10% decline in traded cargo in Damietta port in August
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Dailynewsegypt > Blog > Business > Trade > 10% decline in traded cargo in Damietta port in August
Trade

10% decline in traded cargo in Damietta port in August

Mohamed Alaa El-Din
Last updated: 2018/10/09 at 10:00 PM
By Mohamed Alaa El-Din 2 Min Read
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A report issued by the Damietta Port Authority (DPA) has showed a decline in the number of jetties in the port, during August 2018 year-over-year (y-o-y), as well as a fall in the total cargo volume traded.

According to the report, the number of ships that docked in Damietta reached 237 in August 2018, compared to August 2017, falling by 4%.

The number of liquid bulk vessels declined by 38% y-o-y in August, while the number of general cargo ships rose by 5%.

According to the report, the volume of goods traded in the port declined by 10% y-o-y, reaching 3.1m tonnes in August this year, compared to 3.6m tonnes in August 2017.

Moreover, liquid bulk cargo sizes fell significantly by 64.2% in the same period.

The report has also revealed a decline in the number of twenty-foot equivalent units (TEU) traded at the port by 10% y-o-y, falling from 99,800 in August 2017 to 88.600 in August 2018.

Another previous report had disclosed that the size of cargo handled at the port increased in July by 17% compared to July 2017, where the total size of cargo amounted to 3.6m tonnes in July 2018, up from 3.1m tonnes in July 2017.

Traditional general cargo also increased in July this year by 47.1%.

The report noted that the number of TEUs handled at the port increased slightly in July 2018, compared to the same month in 2017, where the number of containers increased from 91,500 in 2017 to 91,700 TEUs in July this year.

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TAGGED: cargo, Damietta Port
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