欧洲第二大港口数据报告：美国政策不确定性影响营收

Core Insights - The report from the Port of Antwerp-Bruges indicates a total cargo throughput of 202.6 million tons for the first nine months of 2025, reflecting a year-on-year decline of 3.8% [1] Group 1: Container Transport - Container transport volumes have remained stable overall in the first nine months of the year, but a downward trend has been observed since August [1] - The decline in container throughput is primarily attributed to the uncertainty surrounding U.S. trade policies [1] Group 2: Export Impact - The fluctuating U.S. import tariffs and the uncertainty in policy direction have had a significant impact on European ports [1] - In the third quarter of 2025, steel exports from the port dropped by over one-third compared to the previous quarter due to U.S. steel and aluminum tariffs [1] Group 3: Bulk Cargo and Fertilizer - Dry bulk cargo transport saw a year-on-year decline of 12.8%, with the ongoing weakness in fertilizer imports being a major contributing factor [1] - The decline in exports and the challenges faced by the European chemical industry highlight that geopolitical and economic fluctuations are becoming key factors affecting the development of European ports [1]