What is the situation at EUROGATE right now?
EUROGATE is on the move. We’re involved in a dynamic process, both nationally and internationally. Business is good, and of course we’re key to keeping essential supplies flowing in our country. That became especially clear during the pandemic. At the same time, our company faces major challenges. Big changes are taking place in international container shipping, which is dominated by alliances and massive market pressure from European competitors. In response to this situation, we launched our Future EUROGATE transformation program at the end of 2019.
What are the motivations for and goals of Future EUROGATE?
Our container terminals are vital for the functioning of Germany’s economy. We contribute to the fact that our country has for years maintained its status as the No. 1 exporting nation. 90 percent of all traded goods are transported by sea. Without us, life as we know it wouldn’t be possible. We are system relevant. But we’re not alone. Looking at the current competition, our German locations Hamburg and Bremerhaven have fallen behind other European ports, especially Antwerp and Rotterdam. What’s more, the continuous expansion of container terminal capacities throughout Europe is resulting in spare capacities and fierce price competition. Simultaneously, goods flows are changing, for example in the Mediterranean and the Baltic Sea. These developments mean our way of handling containers is no longer viable. Future EUROGATE is our response to these changes. It will restore the profitability of our German terminals. At the same time, we are investing in digitalization and cutting-edge technology. This is how Future EUROGATE will ensure the continued existence of the company.
What are the key measures?
To put it simply, it’s all about increasing efficiency and productivity. Everything’s on the table. We’re analyzing and improving our corporate structures – in all areas and at all levels! We’ve drawn up around 200 individual measures. The overriding goal is to ensure we can meet our customers’ needs and wishes even better – and more profitably.