04

Developing
social value

04

Developing
social value

.

04

Developing social value

The Port of Barcelona's core activity is goods traffic, passenger transport and the logistics that they generate. The growth and development of the organisations that are part of it depend on its dynamism.

ORIENTATION TO THE SDGS

The Port's contribution to the economy

Market share in terms of goods value

The Port of Barcelona is one of the main drivers of economic development in Catalonia and Spain and specialises in high-value goods. In value terms, the Port channelled 75% of the maritime external trade of Catalonia and 25% of the total for Spain in 2020.

Value of goods passing through the Port of Barcelona 2020:

€

billion (-20%)

Market share of maritime external trade of Catalonia:

%

bulk and general cargo

%

containers (TEU)

Market share of spanish maritime foreign trade:

%

bulk and general cargo

%

containers (TEU)

Sectors with which the Port works

As the main import and export region of Spain, one of the characteristics of the Catalan external trade sector is its high degree of diversification, which covers a wide range of productive sectors. The main economic sectors comprising Catalan external maritime trade and their business and industrial fabric use the Port of Barcelona principally to channel their trade flows.

Traffic volume by sector of activity (t), 2020

Countries with which the Port works

The behaviour of traffic in the geographic areas with a greater specific weight was very variable during this year: trade with the Mediterranean Italy and France (+4.1%), the Far East and Japan (+4.5%) and the Eastern Mediterranean, the Black Sea and the Caspian Sea and the Middle East (+2.7%) increased slightly.

TRAFFIC BY GEOGRAPHICAL AREAS (in tonnes), 2020

Traffic data of the Port of Barcelona

During 2020, the behaviour of traffic at the Port of Barcelona was not at all uniform, varying according to type and time of year. Goods traffic suffered especially in April and May, but gradually recovered, even achieving double-digit monthly increases by the end of the year.

59.5

million tons of total traffic (-11.9%)

31.2

million tonnes correspond to traffic in the hinterland (-1.1%)

3

million TEU (-11%)

Vehicles

480,337

units (-38.2%)

Dry and liquid bulk

12.9

million tonnes of liquids in bulk (-20%)

4

million tonnes of dry in bulk (-0.6%)

Short sea shipping

349,990

intermodal transport units (ITU) (-15.6%)

149,608

(ITU) Motorways of the Sea (-2.7%)

Rail traffic

15%

containers

42%

vehicles

Passengers

857,966

total (-81.5%)

659,124

regular ferry lines (-55.8%)

198,842

cruise passengers (-94%) and 53 cruise ship

Economic and financial report

Barcelona Port Authority closed FY 2020 with a net profit of €17.6 million, down 60% year on year. The operating result fell by 65% on 2019, while the financial result fell 36%.

Outturn for the financial year

This unprecedented drop in outturn for the year was caused by the covid-19 pandemic, due to the contraction of traffic and as a result of the application of cuts in concession rates to reduce the economic impact of coronavirus in the port community.

Net turnover for 2020 was €138.9 million, down 19% year on year, with a double-digit percentage drop in almost all rates and fees.

The operational stoppage in all economic sectors at the local and global level —particularly in the transport of passengers, trade and leisure— has directly impacted the traffic of the Port of Barcelona since March 2020, when the state of alarm was declared

TREND IN TURNOVER (in thousand EUR) AND OF VOLUME OF TRAFFIC (in thousands of tonnes), 2011 - 2020

Along with the decline in port operations, income from fees was reduced following the implementation of a number of state measures aimed at addressing the economic and social impact of covid-19.

The application of these measures to mitigate the impact of covid-19 has led to a decrease of €30 million in revenue for the Port of Barcelona compared to 2019.

The coronavirus effect on the distribution of revenue by business line was slightly different from other years. Despite the decrease in turnover, public domain concession fees gained relative weight in relation to use fees and represent 50% of revenue (46% in 2019) because they absorbed the reduction in the passenger fee, which closed with a residual contribution of only 2% of revenue (it was 7% in 2019).

COMPOSITION OF NET TURNOVER (%), 2020

Operating income stood at €14 million, down 65% year on year.

Expenditure items were responsible for reducing part of the effect of the fall in revenue this year.

Financial results were close to €2.5 million, a year-on-year worsening of €1.4 million (-36%).

Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) totalled €70 million and funds from operations generated operational cash flow of €66.3 million.

EBITDA (in thousand EUR), 2019 - 2020

CASH FLOW (in thousand EUR), 2019 - 2020

Barcelona Port Authority performed investments to the tune of €26.5 million, providing a surplus of €39.8 million in relation to the funds generated by operations

This year we reached a debt-to-equity ratio of 11%, which is the lowest percentage this century.

Article 19 of Royal Legislative Decree 2/2011 approving the Recast Law on State Ports and the Merchant Navy, sets down that the economic resources of the Public Body Puertos del Estado (OPPE) shall comprise, inter alia, 4% of the revenue accrued by the port authorities from port fees over the previous financial year. The resulting amount is considered an operating expense.

APB CONTRIBUTIONS TO THE STATE PORT SYSTEM (in million EUR), 2011 - 2020

Other key economic figures

Port infrastructure investment

Throughout 2020 the Port of Barcelona made total investments of €26.5 million, more than 18 million of which were allocated to infrastructure.

EXTENSION OF THE ADOSSAT WHARF, PHASE 3. CONSOLIDATION (OB-GP-P-761/2014)

REPAIRING DAMAGE TO SEAWALLS AND ADJACENT AREAS CAUSED BY STORM GLORIA (OB-GP-P-852/2020)

(MODIFIED PROJECT) IMPROVING THE MOORING SYSTEM ON ADOSSAT WHARF. INSERTING BOLARDS ON THE WHARFSIDE. TERMINALS C&D (OB-GP-P-0852/2020)

(MODIFIED PROJECT) PORT SERVICE MOORING WHARF (35A) (OB-GP-P-723/2012) 

PORT OF BARCELONA INTERMODAL TERMINAL. MOVEMENT OF PRE-LOADED MATERIALS (ACTION 1) (OB-GP-P-785/2015)

DEVELOPMENT OF THE PORT RINGROAD. SECTION IV (BUNGE). PHASE 2 (OB-GP-P 0779/2015)

(MODIFIED PROJECT) EXTENSION OF THE ADOSSAT WHARF, Phase 2B CONSOLIDATION (OB-GP-M-0829/2018)

REFITTING THE NEW WAREHOUSE IN THE SOUTH ENLARGEMENT (OB-GP-P-0795/2016) 

EXTENSION OF THE ADOSSAT WHARF, PHASE 3. CONSOLIDATION (OB-GP-P-761/2014)

REPAIRING DAMAGE TO SEAWALLS AND ADJACENT AREAS CAUSED BY STORM GLORIA (OB-GP-P-852/2020) 

(MODIFIED PROJECT) IMPROVING THE MOORING SYSTEM ON ADOSSAT WHARF. INSERTING BOLARDS ON THE WHARFSIDE. TERMINALS C&D (OB-GP-P-0852/2020)

(MODIFIED PROJECT) PORT SERVICE MOORING WHARF (35A) (OB-GP-P-723/2012) 

PORT OF BARCELONA INTERMODAL TERMINAL. MOVEMENT OF PRE-LOADED MATERIALS (ACTION 1) (OB-GP-P-785/2015) 

DEVELOPMENT OF THE PORT RINGROAD. SECTION IV (BUNGE). PHASE 2 (OB-GP-P 0779/2015) 

(MODIFIED PROJECT) EXTENSION OF THE ADOSSAT WHARF, Phase 2B CONSOLIDATION (OB-GP-M-0829/2018)

REFITTING THE NEW WAREHOUSE IN THE SOUTH ENLARGEMENT (OB-GP-P-0795/2016)

Financial aid received

The Port of Barcelona continued to participate in various international projects that receive financial assistance from the European Union.

PARTICIPATION IN INTERNATIONAL PROJECTS, 2020

Period

Project

Action

Programme

2018-2021

Fostering the Motorway of the Sea between Barcelona and Civitavecchia by improving infrastructures: adapting the Contradic wharf to MoS traffic, strengthening the Contradic north alignment and extending the RO-Ro ramp, and adapting the Contradic rail terminal.

2016-2020

Reducing pollutant emissions caused by lorry transport in the Port and improving existing technology in dual fuel engines to help consolidate liquefied natural gas (LNG) use.

2016-2020

Adapting the Princep d'Espanya terminal and building a new rail link to improve the service and increase the transport of electric cars using the Motorways of the Sea.

2019-2023

Building a railway motorway connection between Barcelona and Paris suitable for transporting semi-trailers between both cities. Includes the development of two terminals, one in the Port of Barcelona (former Llobregat riverbed) and the other in Rungis.

2020-2023

Implementation of improvements in the energy efficiency of the BIP Area building: generating power using a photovoltaic installation, implementing an overall monitoring control system for the building, and replacing current lighting technology with LEDs.

2014-2020

Rolling out use of liquefied natural gas (LNG) in maritime transport through a series of pilot actions, e.g: adapting a barge to supply LNG to ships, adapting port machinery, and designing a tug powered by this fuel.

2019-2023

Creators allows local initiators to create and operate advanced community energy systems (CES) by supporting technical, financial and social processes in each phase of the CES life cycle.

The Port of Barcelona's participation involves contributing a pilot involving the creation of an energy island (simultaneous production, storage and consumption of energy) on the Fishermen's wharf and possible extrapolation to other areas of the port.

2020-2023

This project brings together ports from nine different EU countries that want to make the transition to alternative fuels.

The project includes preparatory actions for the construction of Onshore Power Supply (OPS) infrastructures for ships.

The aim is to create a pre-construction state, meaning that participating ports can develop infrastructure quickly once the project is completed because all previous studies will be completed.

2020-2023

Build a barge to supply liquefied natural gas (LNG) as marine fuel in the Port of Barcelona and adjacent areas.

The barge will have an LNG storage capacity of 5,000 m3 using type-C storage tanks, which will give it a boiling generation of between 0.15-0.25% per day.

It will be equipped with several supply pumps.

2020-2023

This project aims to implement cross-border cooperation activities in the context of the European Neighbourhood Policy, complementing the efforts made within the Euro-Mediterranean Association, the ultimate goal of which is to develop an area of peace, stability, prosperity and good neighbourliness with the participation of European Union Mediterranean Partner Countries (MPC).

Procurement and service purchase practices

In 2010, the Port of Barcelona created the electric power purchasing group for the facilities of Barcelona Port Authority and the organisations in which it holds a stake - World Trade Center Barcelona, SA., Centre Intermodal de Logística S.A. and Port Vell.

Energy consumption by the Port Authority in 2020 was 6.75 GWh and the amount billed was €850,000.

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