• 2019 February 14 13:02

    Port of Rotterdam throughput volume up to 469.0 million tonnes in 2018

    At 469.0 million tonnes, the port of Rotterdam’s total throughput volume ended up slightly higher in 2018 than in 2017, which was itself a record year (467.4 million tonnes), the company said in its release. Container transhipment was the engine of growth again, with a 4.5% increase in tonnage. Measured in TEUs, the standard unit for containers, the increase was 5.7% and the annual total was 14.5 million TEUs – also a record. This strengthens the position of Europe’s largest container port in this strategically important market segment. Significant underlying shifts were observable in the goods segments. Whereas container transhipment continued to grow at a healthy pace, that of crude oil, mineral oil products and agribulk fell. Throughput of LNG (+163.6%) and biomass (+31.6%) saw a further spectacular rises last year.

    For the Port of Rotterdam, 2018 was marked by a high level of investment. Gross investments rose 91% to € 408.1 million (2017: € 213.8 million), the highest amount since the construction of Maasvlakte 2. By far the largest part of this amount was used to further improve the logistical accessibility of the port of Rotterdam, for example by constructing the Container Exchange Route on the Maasvlakte, the Princess Amalia Viaduct and relocating the port railway via the Theemsweg route. Also, the Port Authority’s internationalisation strategy was given a significant boost in 2018 by the acquisition of a minority stake in the Brazilian port of Pecém.

    One important employment initiative introduced recently is the Leer Werk Akkoord. This joint scheme involving the Port Authority, the municipality, educational institutions and the business sector offers real jobs for the long-term unemployed in the Rotterdam-Rijnmond region.

    Liquid bulk
    With the exception of LNG, liquid bulk recorded lower throughput volumes in all subcategories last year. The throughput of crude oil decreased slightly, due in part to somewhat lower refining margins. Even so, remarkably, throughput exceeded 100 million tonnes for the fourth year in a row. The throughput of mineral oil products fell mainly as a result of less fuel oil coming into and leaving the port. The huge increase in LNG throughput (+163.6%) was mainly caused by transhipments of LNG, originating from the Yamal field (Northern Russia), from ice-class LNG tankers to ‘normal’ LNG tankers, which then transported the cargo onwards to Asia and elsewhere.

    Dry bulk
    Despite the market being under considerable pressure, the dry bulk segment showed only a slight downturn in throughput (-3%). In the coal subcategory, the consolidation strategy that is being used appears to be working well for Rotterdam: throughput rose by 2.3%. Thermal coal remained at the same level as the previous year. The throughput of coke coal rose thanks to success in attracting cargo packages for Germany. Iron ore throughput fell in 2018, among other reasons due to the renovation of a blast furnace and because of stagnating demand from the steel industry. The fall in agribulk throughput in Rotterdam was partly caused by the shift of cargo packages to Amsterdam.

    Containers
    Container transhipment saw a further strong increase in 2018, as a result of which market share was gained in the Hamburg-Le Havre range. A key factor in the increase in 2018 was the growth in numbers of transhipment and full import containers. Container exports developed less strongly, partly due to Chinese import restrictions on waste flows. The shortsea segment suffered from slowdowns in the British and Russian economies.

    Roll on/roll off and other breakbulk
    In RoRo transhipment too, which ended the year slightly up, the British RoRo trade showed less growth, probably due to the effects of Brexit uncertainty on the British economy.
    The transhipment of other breakbulk cargo was around the same as the volume in 2017.

    Port Authority’s financial results
    The Port of Rotterdam Authority recorded turnover of € 707.2 million in 2018 (2017: € 712.1 million). On the income side, both port dues and lease revenue fell. The net result excluding taxes amounted to € 254.1 million (2017: € 247.3 million) mainly as a result of lower interest charges.

    Site lease charges, the largest revenue item, decreased by 0.9% to € 373.7 million. This decrease reflects a one-off gain in 2017 due to a price revision with retroactive effect. Income from the port dues paid by ships when they visit the port fell 0.5% to € 302.4 million, due to an increase in the discounts granted. Other income came to €31.1 million (2017: € 30.9 million).

    Operating expenses rose 2.6% to € 267.8 million, mainly due to the increase in activities relating to the two strategic priorities: Energy Transition and Digitisation.

    In line with existing agreements, the Port Authority proposes that a € 96.5 million dividend (+38%) be paid to the shareholders – the municipality of Rotterdam (70.83%) and the State (29.17%) – for 2018: € 68.3 million to the municipality and € 28.2 million to the State.

    Outlook

    The Port Authority expects throughput volume to increase slightly in 2019, with container sector growth being lower than the exceptional levels seen in previous years. The Port Authority is implementing a ‘both-and’ strategy: strengthening the existing port industrial complex and at the same time embracing new initiatives in the fields of energy transition and digitisation. The port accounts for 6.2% of gross domestic product and creates employment for 385,000 people.




2019 February 19

18:03 San Vicente Terminal Internacional receives two state-of-the-art cranes to enhance operations
17:50 Throughput of port Kavkaz in Jan’2019 fell by 8% Y-o-Y to 1.82 million tonnes
17:26 Moody´s upgrades Hapag-Lloyd credit rating to B1
17:03 Jan De Nul and Government of the People’s Republic of Bangladesh enter into agreement for the development and dredging of access channels, turning basins, anchorages and berthing areas
16:29 TMA Logistics, CTU and VCL join forces to establish Amsterdam-Utrecht-Rotterdam-Corridor
16:21 NIBULON shipbuilders finish constructing a series of POSS-115 Project tugs
16:03 MOL conducts underwater drone demonstration test for vessel bottom inspection
15:25 Wärtsilä’s propeller cap EnergoProFin listed in EcoAction Program
15:02 ICTSI's Matadi Gateway Terminal unlocks shipping system benefits
14:40 2nd conference on transportation of dangerous cargoes to address application of IMDG Code and ADR Agreement in Russia
14:02 Havyard to deliver ship design for further two cargo vessels for Royal Arctic Line
13:33 Ecochlor announces BWMS retrofit contract with Alaskan Tanker Company
13:02 GTT notified by Samsung Heavy Industries for the tank design of a new LNG carrier for Navigare
12:30 Gas4Sea partners and Equinor signed an LNG bunkering agreement
12:24 Social allocations of Multipurpose Reloading Complex grew by 22% YoY to RUB 3.8 million in 2018
12:01 Rail traffic at the Port of Gothenburg up to 398,000 TEUs in 2018
11:43 International best practices are introduced at ASCO to protect sailors health
11:41 Port of Hamburg sets record for seaport-hinterland rail traffic in 2018
11:39 IMO’s Sub-Committee on Pollution Prevention and Response meets this week
11:18 Concordia Damen celebrates naming of innovative Sendo Liner
11:15 ASCO hosted a training course for instructors
10:47 24 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on February 18-19
10:22 ABP bolsters business with paper company joining Port of Hull
09:58 Brent Crude futures price is down 0.42% to $66.22, Light Sweet Crude – down 0.38% to $56.19
09:40 BIMCO demands 4th IMO GHG Study based on realistic economic growth
09:19 Baltic Dry Index is up to 643 points

2019 February 18

18:06 Algoma announces the Algoma Conveyor is headed for Canada
17:36 Maersk Line announces rates from Mediterranean to West and Central Asia
17:06 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
16:41 MAN Energy Solutions launches new TCT turbocharger series
16:26 VSC receives positive conclusion of state environmental expertise
16:02 Herbert-ABS releases HECSTAB Offshore
15:31 PPR 6 preview: IBIA working for sensible 2020 solutions at IMO meeting
15:02 Suez Canal extends its dry bulk vessels tolls reduction
14:43 Gazprom and Almaz-Antey Corporation sign contract for batch manufacturing of subsea production equipment
14:20 Average wholesale prices for М-100 HFO up to RUB 15,842 in RF spot market
14:02 MOL Chemical Tankers acquires 20% share of Dutch tank container company Den Hartogh
13:39 2nd Hydraulic Engineering Structures and Dredging Congress to gather over 200 Russian and foreign participants
13:15 ONE unveils enhanced intra-Asia Japan service network for 2019
12:51 Nakhodka Trade Sea Port and Damen sign contract on delivery of tug by summer 2019
12:18 33 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on February 17-18
11:53 World Maritime University signs MoU with Jordan Academy for Maritime Studies
11:30 Coastal fish assessments to continue in Baltic Sea with renewed HELCOM project
11:07 Fincantieri starts dry dock works on ultra-luxury cruise ship "Silver Moon"
10:55 Finnpilot Pilotage amendments its service terms during validity of winter assistance restrictions
10:26 ASCO is interested in cooperation with prominent shipping companies
10:07 Diana Shipping announces the sale of two Panamax dry bulk vessels and time charter contracts for m/v Crystalia and m/v Maera with Glencore
09:40 Brent Crude futures price is up 0.17% to $66.36, Light Sweet Crude – up 0.45% to $56.23
09:21 Baltic Dry Index is up to 639 points
09:07 Panama Canal Board of Directors appoints new Canal Administrator and Deputy Administrator
08:07 IMO conducts training course to enhance maritime security in Kenya
07:32 Valencia hosts first internal technical meeting of European project “H2PORTS - Implementing Fuel Cells and Hydrogen Technologies in Ports”

2019 February 17

16:59 Coast Guard responds to vessel fire near Rockport, Texas
15:09 Kleven Shipyard delivers to Maersk the AHTS Maersk Maker
14:33 Danube high-speed low-wash ferry offers new level of efficiency and reliability
13:21 Interorient Marine Services Ltd. convicted and sentenced for oil discharge
12:39 USCG assists in rescue of five people from sunken vessel near Dutch Harbor
11:01 European ports welcome agreement on the European Maritime Single Window environment

2019 February 16

16:15 Ribbon-cutting kicks off ICTSI´s Batumi terminal expansion project
14:42 Höegh’s RoRo solution chosen for 112MT Transformer shipment