Market Insight
SPRING 2017

Annual report
Year 2017

Market Insight
FALL 2017

Market Insight
WINTER 2017-2018

4 Available chapters - Download the PDF

Turnover development in Europe

(Quarterly data about turnover in IWT are at present only available for very few countries, due to statistical limitations. EUROSTAT presents data for the NACE sector H50 (Water transport) which covers maritime and IWT transport together. Based on this dataset, it is possible to identify turnover in IWT only for countries with practically no activity in maritime shipping (Austria, Hungary). For the Netherlands, turnover data on a quarterly basis are provided by the national statistical office (CBS)

 

Turnover development in the Netherlands (2010=100) – Rhine country with mainly goods transport activity

Source : CBS

 

Turnover development in Hungary (2010=100) – Danube country with mainly goods transport activity

Source : Eurostat

 

Turnover development in Austria (2010=100) – Danube country with mainly passenger transport activity

Source : Statistik Austria

 

  • In a quarterly year-on-year comparison, inland shipping turnover in the Netherlands increased by around 6 % in Q1 2017. Turnover was supported by very high freight rates, due to the low water period in January 2017.
  • The turnover result for other modes of transport in the Netherlands in Q1 2017 was: Maritime shipping (+6 %), Road transport (+8 %), Rail transport (+4 %), total transport sector (+ 5 %).
  • Hungary is a (middle) Danube country where goods transport has a high share in IWT turnover (almost 3/4). On the Danube, low water levels and ice had very negative impacts on goods transport in Q1 2017. Inland navigation companies registered strong losses in turnover, which amounted to a 33 % decrease in Hungary.
  • Austria did not experience the same drop in turnover, even if transport volumes decreased more than in Hungary. The reason is that goods transport has only a share of 1/3 in Austrian turnover, so that turnover results are mainly dominated by passenger shipping – whose activity is in general very low in the winter quarter.

 

 

Freight rates

 

Development of freight rates in the Netherlands (2015 average=100)

Source : CBS - Centraal Bureau voor de Statistiek

 

 

  • The average transport prices in goods transport in the Netherlands in Q1 2017 were much higher than in Q1 2016, and well above the level of Q4 2016. The reason was the low water period in January, which pushed prices and turnover upwards for a short period of time.
  • Due to the low water period in January, the vessels’ loading degrees were reduced, and less cargo could be transported.

 

Development of freight rates in the Danube region (January 2015=100)

Source : Danube Commission

 

 

  • On the Danube, freight rates in Q1 2017 were 3 % higher than in Q4 2016. According to the Danube Commission, this increase was due to a change in the supply-demand relationship. Many vessels were immobilised due to ice periods, so that the available supply was lower than usual and, as a consequence, the freight rates higher. Freight rates in Q1 2017 were more than 40 % higher than one year previously.
  • Freight rates in Tanker shipping on the Rhine were, in Q1 2017, on average 1.3 % lower than in Q4 2016, but 66 % higher than in Q1 2016; the reason was the low water period in January 2017, which had greatly reduced loading degrees of vessels (see figure), and which had not occurred the previous year.

 

Maximum loading degrees at Kaub/Middle Rhine for vessels with a draught of 2.5 and 3 metres, compared with freight rates index*

* Freight rates in tanker shipping on the Rhine

Source : CCNR and PJK International

Maximum loading degrees at Kaub/ Middle Rhine for vessels with a draught of 2.5 and 3 meters, compared with Freight Rates Index*

* Freight rates in tanker shipping on the Rhine

Source : CCNR and PJK International

Market Insight
FALL 2017

A project co-financed byEuropean Commission

Top of the page