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NAVEX 1st Edition 2018 Newsletter Economy news

Portuguese Gross Domestic Product (GDP) ad-

vanced 0.7 in the last quarter 2017, above 0.5 per-

cent over the previous period. Considering full year

2017, the Portuguese economy expanded by 2.7

percent (much faster 1.5 % than in 2016) and the

strongest growth rate in 17 years. For 2018, the gov-

ernment expects 2.2 percent growth.

The Portuguese Unemployment Rate fell to 8.1 per-

cent in the fourth quarter of 2017 from 8.5 percent

in the previous period and 10.5 when compared with

the homologous period of 2016. It was the lowest job-

less rate since 2008, as the number of unemployed

people declined by 22 thousand from the previous

period to 422.0 thousand, while the number of em-

ployed increased to 4.80 million.

Portuguese Consumer Prices increased 0.6 percent

year-on-year in February 2018, which means the

lowest inflation rate since November 2016, and is

expected to be 1.50% by the end of 1st quarter 2018.

PORTUGAL INTERNATIONAL TRADE

Exports from Portugal increased 9.6 percent year-

on-year to EUR 4760 million in January of 2018,

driven by sales of cars and parts (37.4 %), food (15.6

%), machinery and capital goods (5.9 %). Sales in-

creased mainly to France (15.6 percent), Brazil (95.9 %)

and Italy (26 %).

Imports to Portugal increased a 12.4 percent year-

on-year to EUR 6008 million in January of 2018, an

all-time high figure for a January month. Purchases

were mainly boosted by cars and parts (19.8 percent),

machinery and capital goods (17.5 percent) and food

(8.8 percent).

The Portuguese Trade Deficit increased to EUR 1249

million in January of 2018, from EUR 1004 million a

year ago. It was the largest trade gap for a January

month since 2011. Expectations are that the trade de-

fault will be -1064.00 EUR million by the end of this

quarter.

Your World, Our World.

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NAVEX 1st Edition 2018 Newsletter Industry news

PORTUGUESE PORTS HANDLED RECORD

VOLUME IN 2017

The Portuguese Ports completed 2017 with a total

of 95,9 million tons cargo handled, which represents

more 2,2% than in 2016 and new national record.

Leixoes (19,5 million ton) and Aveiro (5,1 million

ton) achieved their maximum ever and Lisbon (12,1

million ton) the highest volume of the last six years.

As might be expected, due to its containerized trans-

shipment trade, Sines (49,8 million ton) maintained

the leadership of the port system, with 52% of the

overall value. The remaining ports also registered an

increase: Setubal (6,5 million ton), Figueira da Foz (2

million ton) and Viana do Castelo (0,4 million ton).

Regarding handled TEU was also registered the high-

est value ever - almost 3 million - which represents

more 8,4% than in 2016. This growth is sustained

mainly in the Ports of Sines (1.67 million) and Lisbon

(0,49 million) , with an increase of 10.3% and 26.6%

respectively and with additions of 150 and 100 thou-

sand TEU.

PORTSINES - BEST COMPANY ON TRANSPORT

AND DISTRIBUTION SECTOR

PORTSINES, the ETE Group Port Operator in Sines,

was distinguished with the 2017 award of Best Com-

pany on Transport and Distribution Sector, the

ranking of the best 1.000 Portuguese SMEs.

This award is an initiative of the leading Portuguese

magazine - EXAME -, and sponsored by CGD - Caixa

Geral de Depósitos - and the companies selection is

done in partnership with Informa D&B and Deloitte,

based on a rigorous set of criteria of a wide range of

economical and financial indicators that allow to get

each company evaluation, establishing its ordination.

PORTSINES achieve this award for the first time in

2009 and since 2012, has been winning it continu-

ously.

TRANSINSULAR WEST AFRICA new services:

LINCE CLASS” and “ATOBÁ”

TRANSINSULAR started in beginning of March a

new regular fortnightly service - “LINCE CLASS”

operated by “POCAHONTAS”, vessel with a

capacity of 950 TEU. This new service offers the

best transit time of the market, with Southbound

rotation Lisbon - Praia in just 5 days and same

time for Mindelo - Leixões Northbound cargoes.

In order to complement this new service

TRANSINSULAR also launched the "ATOBÁ" ser-

vice that will contribute to revamp and promote

the full potential of CAPE VERDE economy,

connecting Mindelo and Praia to Boavista, Sal,

Bissau, Nouadhibou and Nouackhott, receiving

local cargo addressed to each of these destina-

tions. With this new architecture TRANSINSU-

LAR intents to develop Cape Verde as an hub

in West Africa, reinforcing the geo-strategic val-

ue of the Archipelago in Atlantic.

PORTUGAL SHIPPING WEEK

The Portuguese Minister of the Sea announced that

between 17th

and 22th

September 2018 Lisbon, in

association with Shipping Innovation, will receive one

of the worldwide major shipping events - the SHIP-

PING WEEK. The event, which will have a biennial peri-

odicity, will be called Portugal Shipping Week and

the main goal is to present Portugal as a Shipping and

Logistic hub, making it an integral part of the interna-

tional agenda of shipowners, shipoperators and bro-

kers, increasing their competitiveness and positioning

it as a business hub. The Sea Minister clarifies that “this

initiative will be formed by several events, organized by

different entities specialized in shipping affairs and as

well as by sponsors”.

Your World, Our World.

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NAVEX 1st Edition 2018 Newsletter Corporate news

In the last quarter of 2017 the activity of NAVEX re-

mained as highly positive and its position, as the main

Portuguese Shipping Agent considering the num-

ber of vessels attended, was consolidated registering

an annual growth of 8%.

NAVEX - improving quality requisites

NAVEX has proactively, and ahead of schedule, ob-

tained the ISO 9001:2015 Standard from Bureau

Veritas Certification.

Despite its ISO 9001:2008 certificate was still valid,

NAVEX decided to take a further

step and certificate its Quality

Management System according to

the new standard. NAVEX has also

seen its AEO status renewed after

the regular audit performed by

Portuguese Customs Authorities.

With these measures the company maintains the lead-

ership in terms of certifications and proactiveness

in self quality requisites, duly recognized by leading

organizations, documenting the high service stand-

ards that fulfill legacy.

ETE GROUP - EQUIPMENT renewal

Following the ETE Group's commitment to modern-

ize its equipment, choosing leading-edge equipment

in order to achieve

new parameters of

productivity, green-

house gas emis-

sions, comfort and

safety to operators,

the Group acquired 3 new Liebherr Reach Stackers to

Lisbon terminals, TMPB and TSA, 2 new Liebherr

L586 XPower Front Loaders to PORTSINES and a

LIEBHERR LHM420 crane to TCGL Leixões terminal.

ETE GROUP presence at SETUBAL PORT

Luis Figueiredo, ETE Group Share-

holder and Administrator, gave an

interview for a special edition of

local Setubal’s newspaper -

SETUBALENSE. ETE Group is pre-

sent in Setubal since 80’s, through a participation on

the Port Operator Company SETEFRETE.

Considering that ETE Group is the main Port Opera-

tor in Portugal, Luis Figueiredo reinforced the im-

portance of Setubal as one of the major ports on

national logistics system, with an extensive hinter-

land and one of main industrialized region in Portugal.

ETE Group is as well present in SETUBAL through

NAVEX that was the shipping agent with more ves-

sels attended in this port in 2017.

EXTRAODINARY PRODUCTIVITY

The 2018’ ETE Group Staff Meeting took place on

MUSEU MARÍTIMO de ÍLHAVO, under the motto of

“EXTRAORDINARY PRODUCTIVI-

TY”. The meeting began with a

welcome speech by Mr. Luis

Nagy, ETE Group Chairman, fol-

lowed by several presentations,

representing the Group main

business areas and their perspec-

tives about how the companies

intend to face the future consid-

ering all the challenges that come closing to the indus-

try. There were two invited Speakers: Francisco Lu-

finha - the well know Portuguese kitesurfer and

world record holder for the longest distance

kitesurfing without stopping—and Matt Smith from

FranklinCovey Europe. Francisco Lufinha shared his

experience and how his team overcome the daring

journey and kept focused on their goals. Matt, on its

turn, challenged the audience to think about the daily

agenda organization and how prioritize actions by im-

portance, urgency or both take place. It was, definitely,

an interesting and very productivity day of work for

ETE Staff.

Your World, Our World.

Number of vessels

October November December

170 164 161

Total 4th

Quarter = 495 vessels

https://issuu.com/osetubalense/docs/especial_porto__02-03-2018