• 2024 February 20 16:35

    Port of Rotterdam total cargo throughput down 6.1% to 438.8 million tonnes in 2023

    Total cargo throughput in the port of Rotterdam this year amounted to 438.8 million tonnes, 6.1% less than in 2022 (467.4 million tonnes). The fall was mainly seen in coal throughput, containers and other dry bulk. Throughput rose in the agribulk, iron ore & scrap, and LNG segments, according to the company's release.

    Revenue rose by 1.9% to € 841.5 million, consisting mainly of contract revenue from land lease, and port dues. As a result of price changes and new contracts, contract revenue rose by € 28.4 million. Revenue from port dues fell by € 4.6 million due to a combination of lower throughput and a higher price per tonne. Operating expenses increased by 3.8% (€ 10.7 million) to € 292.9 million because of higher payroll expenses and overhead. The operating result before interest, depreciation and taxes (EBITDA) rose on balance by 0.9% to € 548.6 million. The net result was 5.6% (€ 13.7 million) down at € 233.5 million (2022: € 247.2 million). The lower net result was attributable to two one-off items in 2023. Acquired nitrogen deposition rights were revalued downward (€ 8.0 million) in response to the ruling from the Council of State relating to the 25-kilometre cut-off. In addition, the Porthos guarantee premium (€ 7.3 million) was booked, leading to a lower result for participating interests. Furthermore, interest expenses in 2023 were € 6.8 million higher because of higher interest rates than in 2022. The dividend proposal for the shareholders (the Municipality of Rotterdam and the Dutch State) was € 129.0 million (2021: € 132.3 million).

    The Port Authority invested a total of € 295.4 million, almost 15% more than in 2022 (€ 257.0 million). The largest investments in 2023 were the investments in quay walls for the container sector (€ 72.9 million), land reclamation for the Prinses Alexiahaven (€ 23.1 million) and the fendering in the Rozenburg lock (€ 12.8 million).

    The throughput of dry bulk in 2023 was 11.8% down on 2022.

    A striking development in the agribulk segment was the increase in maize imports by 50% after crop failures due to drought and floods in Europe. Coal throughput fell by 20.3% to 23.1 million tonnes, mainly because of low demand for energy coal for power production. In 2022, demand for energy coal rose sharply due to concerns about energy security and large increases in gas prices. The throughput of crude oil was 9.9% higher at 28.1 million tonnes. Ore stocks were replenished after low imports of ore in 2022 pursuant to low steel production. Outgoing scrap in Rotterdam was 32% higher.

    The negative figures for the throughput of other dry bulk are attributable to lower demand for raw materials from European industry. The striking decrease of 49.4% in other dry bulk and the increase of 31.3% in agribulk were caused by a correction of erroneous declarations in the seaport dues system in 2022. After the elimination of this distortion, the decrease in other dry bulk was 24.7% and the increase in agribulk was 3.0%.

    Liquid bulk throughput was 3.4% lower last year. Crude oil fell by 1.4% with the discontinuation of ship-to-ship transshipment. Throughput of mineral oil products fell by 6.5%, mainly because of the decline in the throughput of fuel oil and naphtha. This meant that the throughput of gas oil was higher than that of fuel oil for the first time. LNG throughput was 3.7% higher at 11.9 million tonnes. Europe continues to import large amounts of LNG to replace pipeline imports of Russian natural gas. There was also more bunkering in seagoing LNG tankers. Other liquid wet bulk was 5.9% down in all underlying categories (chemical, renewable and vegetable products) at 36.1 million tonnes, primarily because of low demand and stock reductions.

    Container throughput in tonnes was 6.8% lower in 2023 at 130.1 million tonnes; the fall in TEUs was 7.0% to 13.4 million TEU. Container throughput has proved to be very volatile in recent years in response to COVID and geopolitical developments. The decline that began in 2022 continued in 2023. The main reasons are lower consumption, lower production in Europe and the discontinuation of volumes to and from Russia pursuant to the sanctions. Port calls in the container segment were up slightly by 1.0%. However, container ship cargoes were 7.8% lower. Roll-on/roll-off traffic (RoRo) fell by 5.0% to 25.9 million tonnes. The weak British economy and lagging consumption continue to be the main causes. The 5.0% fall in other break bulk is largely attributable to the decline in container rates, which fell sharply in 2023, resulting in more cargo being shipped in containers rather than as break bulk. In addition, disappointing demand in Europe due to inflation and rising interest rates meant that many stocks were left in breakbulk terminals for long periods of time, leaving less room for additional cargo acquisition.

    Container Terminals APM Terminals and Rotterdam World Gateway (RWG) have announced plans to expand their terminals in the Princess Amaliahaven in 2023. The APMT expansion covers a site of some 47.5 hectares, including a deep-sea quay with a total length of one kilometre. It will add about two million TEUs in terminal capacity. The completion of the quay is planned for the second half of 2024. At RWG, the expansion involves about 45 hectares of terminal land and 920 metres of quay wall, increasing RWG’s capacity by 1.8 million TEUs in phases. Both terminals will be prepared for the use of shore power and will operate in carbon-neutral ways.

    The CER went into operation in late 2023. The 17-kilometre closed road network currently connects the container terminals of Rotterdam World Gateway (RWG), the Delta terminal of Hutchison Ports ECT Rotterdam (ECT), the terminals and depots of QTerminals Kramer Rotterdam (KDD, RCT and DCS) and the State Inspection Terminal of the Customs Authority. The CER is making a major contribution to security, integrity, efficiency and sustainability in the Port of Rotterdam.

    After an intensive pilot phase, the green light was given for Nextlogic in January 2023. Nextlogic will allow for the faster handling of inland container vessels and the optimal utilisation of quays. Several parties were scaled up last year, resulting in 1 million container moves being processed and time spent in the port falling by over 20%.

    In the years to come, more and increasingly larger container vessels will pass through the Yangtzekanaal to the Maasvlakte terminals. To provide more space for the current vessels and also to allow the ever-larger vessels to pass each other properly, the navigable channel of the Yangtze Canal will be widened along its entire length in the years ahead. The project consists of three subprojects. The first subproject began in September 2023 and it involves the construction of 500 metres of quay immediately alongside the entrance to the port of Rotterdam. Berths, including shore power, are being established at this quay for twelve tugs. Completion and commissioning are planned for early 2025.

    The definitive investment decision was made for Porthos in mid-October. The Porthos system for the transport and storage of CO2 consists of an onshore pipeline running from Botlek through the port area to a compressor station on the Maasvlakte. From the compressor station, the CO2 pipeline goes to empty gas fields under the bed of the North Sea. Most of this ‘backbone’ will be positioned in the existing pipeline strips. Valve or connection locations are planned at ten strategic locations to allow companies in the port to bring their captured CO2 into the system. Thanks to Porthos, 2.5 million tonnes of CO2 a year will soon be captured and permanently stored. CO2 storage is therefore a meaningful measure that will allow industry to contribute to the Dutch climate goals.

    The construction of the national hydrogen network began officially on 27 October in the port of Rotterdam. The network, which is open to all hydrogen suppliers and buyers, will soon be 1,200 kilometres long and it will provide five Dutch industrial clusters with access to green hydrogen. The first section of more than 30 kilometres connects the Maasvlakte conversion facility to Pernis. The first of four hydrogen plants is now being built at the conversion facility. This 200MW hydrogen plant, the Holland Hydrogen 1, makes green hydrogen with electricity from offshore wind farms and is expected to be in a position to supply the first green hydrogen to the production site in Pernis in 2025. The proposed Delta Rhine Corridor will also provide a connection to Germany.

    Construction on the shore power installation for cruise vessels at the Holland America Quay began in early June. The Ministry of Infrastructure & Water Management, the Municipality of Rotterdam and the Port of Rotterdam Authority are providing the financing for the building work. Boskalis commissioned a large-scale shore power facility at its Waalhaven location in November. Some of the DFDS vessels that dock in Vlaardingen have been supplied with electricity from a shore power installation since late 2023. Using shore power reduces emissions of CO2, nitrogen and particulate matter. It also reduces noise levels from ships significantly.

    Distro Energy, a scale-up of the Port of Rotterdam Authority, has developed an intelligent and fully automated trading platform that allows companies to trade the green energy they produce between themselves locally and to optimise consumption. Initially, the marketplace will grow over the next year, primarily with the arrival of users in the Rotterdam industrial and port cluster. They include not only customers and producers, but also energy suppliers and grid operators.

    The energy transition is generating a lot of demand for locations in the port area. The number of locations available for issue in the current port area is scarce. The Port of Rotterdam Authority is therefore making some areas around the Princess Alexiahaven suitable to accommodate new clients. Just under 10 million cubic metres of sand will be used to reclaim 85 hectares of land. Work began in July 2023 and it will continue until the summer of 2024.

    The port of Rotterdam creates significant economic and social value for people in Rotterdam, the Netherlands and Europe. Investments by the Port Authority and the port business community in Rotterdam focus on numerous projects that facilitate the transition to a new, more sustainable economy. It is therefore essential for the next Dutch government to devote enough attention to related factors such as adequate capacity on the electricity grid, an accessible port, a decisive nitrogen policy, and enough well-trained technical personnel to keep the transition going and strengthen the investment climate for the industry (including the chemical industry) in the Netherlands. This requires active and supportive policy from The Hague in terms of both measures and resources. With future-resilient decisions and a focus on policy implementation, the port of Rotterdam will be able to continue developing its position in international chains, to make an important contribution to achieving national and European climate goals, and to strengthen Europe’s strategic autonomy.

    Against the backdrop of geopolitical developments and upcoming elections in several countries, 2024 is also expected to be an unpredictable year. It is all the more important in these turbulent times for the port to maintain a steady course and to implement plans that will further the transition. Construction work will begin on Porthos in 2024 and the development of the second conversion facility will continue. Investment decisions are expected for hydrogen plants, bio-refineries, the Maasvlakte-Zuid rail yard and the Princess Alexia Viaduct on the Maasvlakte. Furthermore, new steps are being taken to establish shore power facilities for cruise vessels, container vessels and RoRo vessels, among others. Work will also continue in 2024 on the deployment and availability of new, renewable fuels, and investments will be made in charging infrastructure for electric trucks to meet the expected demand for sustainable road transportation.

2024 April 21

15:07 Steerprop selected to supply main propulsion and tunnel thrusters for CCG's multi-purpose vessels program
13:51 First of its kind TRAktor V3900-DF launched at Uzmar Shipyard
12:37 ABS and DOE sign MOU to collaborate on clean energy development and maritime decarbonization research
11:25 SCHOTTEL to equip four new compact Damen ASD tugs with SRP 270 RudderPropellers
09:57 Hanwha Ocean expands offshore construction presence

2024 April 20

15:02 European ports contend with slow economic growth, geopolitical impact
13:43 AD Ports Group signs strategic agreement with ADNOC distribution for marine lubricants supply
12:17 Stena Bulk completes sale of Stena Blue Sky
10:05 Newbuild ocean tug bolsters growing LNG bunker fleet

2024 April 19

18:02 CMA CGM to strengthen and reshuffle its SEAS1 & SEAS2 services connecting Asia and East Coast South America
17:25 OOCL upgrades Transpacific Latin Atlantic 1/ 2 (TLA1/ 2) service
16:45 The world's two largest hydrogen ships are to be built in Norway
16:15 KEYS Azalea completes first ship-to-ship LNG bunkering in Western Japan
15:40 Port Houston surpasses 1mln TEU mark in Q1 2024
15:29 World's first ammonia dual-fuel Aframaxes to be developed by MISC
14:55 Port of Rotterdam total cargo throughput up 2.0% to 3.3 million TEUs in Q1 2024
14:06 DNV awards certificates for Fortescue’s dual-fuelled ammonia-powered vessel
13:44 Imoto Lines and Marindows launch next-generation zero-emission container ship project
12:41 The Port of Los Angeles and the Port of Long Beach complete a comprehensive Green and Digital Shipping Corridor study
12:20 Ulsan Port Authority signs MOU with Pacific Environment to decarbonize shipping ports in Singapore
11:50 Cavotec signs USD 5 million shore power order with global shipping company
11:22 Rio Tinto selects Alfa Laval OceanGlide fluidic air lubrication with a focus on advancing efficient shipping and reducing emissions
10:45 Steerprop selected to supply main propulsion and tunnel thrusters for Canadian Coast Guard multi-purpose vessels program
10:14 ST Engineering AirX and Bureau Veritas sign cooperation agreement to advance Wing-in-Ground technology
09:38 Solar panels at the Port of Valencia will generate 22% of the energy it consumes

2024 April 18

18:02 DEME wins cable installation contracts from Prysmian for IJmuiden Ver Alpha and Nederwiek 1 offshore grid systems
17:31 RINA awarded contract for Carnival Cruise Line 4th and 5th Excel-class ships
17:18 Cepsa and Evos join up for green methanol storage in Spain and the Netherlands
16:48 ClassNK commences joint research project with JAXA on material compatibility evaluation methods for liquefied oxygen
16:24 Panama Canal announces new measures regarding number of transits and maximum draft
15:50 Kongsberg Maritime secures contract to supply propeller systems to Damen Naval for four Anti-Submarine Warfare frigates
15:24 LR to class Torghatten Nord’s hydrogen-powered ferry duo for Arctic sailings
14:04 CMA CGM sells part of the foreign activities of Bolloré Logistics to the Balguerie Group
13:40 Methanol Institute and SEA-LNG unite against EU trade barriers to biomethane and biomethanol fuels
13:23 DP World launches a new Air Tracking feature to its SeaRates platform
12:31 Port of Los Angeles container volume increases 19% to 743,417 TEU in March 2024
12:16 MABUX: Bunker Outlook, Week 16, 2024
12:11 Coastal Sustainability Alliance boosts development and adoption of maritime biofuel in Singapore
11:43 Ocean Network Express launches reduced emissions shipping service
11:23 Wartsila cargo handling and fuel gas supply systems selected for three new Very Large Ethane Gas Carriers
10:45 Singapore plans production of biofuel blends up to B50 in grade
10:25 Maritime and Port Authority of Singapore and International Energy Agency сollaborate on maritime energy transition

2024 April 17

18:03 Australia and Singapore partner in a $20 million initiative to help reduce emissions in the maritime sector
17:38 EPS strengthens green collaboration with MPA with six Singapore-registered ammonia dual-fuel newbuilds
17:03 HD Hyundai, Scottish firms to cooperate on offshore wind power
16:16 Hanwha Ocean wins 176.4 bln-won order for 1 LPG carrier
15:46 Maritime Book and Claim System advances pilot study to support first movers in zero-emissions shipping
15:00 Port of Antwerp-Bruges cargo volumes up 2.4% to 70.4 million tonnes in Q1 2023
14:47 DOF Rederi AS sells PSV Skandi Gamma
14:24 PIL, CCS partner on alternative fuels and onboard carbon capture and storage
13:44 Total volume of bunker fuel sales at the port of Fujairah increases by 25.2% to 700,918 m3 in March 2023
12:11 Eureka Shipping announces construction of new cement carrier for Great Lakes trade
11:32 MOL to adopt new system to increase capacity and improve operational efficiency of car carriers
11:12 GTT receives an order for the tank design of eight new LNG carriers
10:43 Thailand's Department of Marine and Coastal Resources takes delivery of a new research vessel
10:27 The United States exported a record volume of natural gas in 2023
09:58 TECO 2030 raises NOK 43 million and partners up with Advait in India

2024 April 16

18:04 HD KSOE attains 73% of annual order target in 100 days
17:31 Anglo-Eastern buys Euronav ship manager
17:06 Navig8 takes delivery of the second of six newbuild MRs with emission reducing technology
16:38 IMO’s Facilitation Committee tackles digitalization and autonomous shipping
16:12 World’s largest car carriers ordered with MAN Energy Solutions propulsion package
15:46 Hapag-Lloyd and Seaspan to retrofit five vessels to methanol propulsion
14:13 Asyad Shipping and OQ8 successfully complete first-of-its-kind blended crude oil delivery from Mina Al Fahal to Duqm Refinery
13:54 Hapag-Lloyd unveils its new Strategy 2030
13:14 Singapore aims for over 1 mln tons of low-carbon methanol bunker supply by 2030
12:43 Trafigura to commercially deploy Daphne Technology’s PureMetrics on LNG carrier for precise MRV and optimisation of GHG emissions
12:15 All 12 people rescued from fire on board Tanzanian-flagged cargo ship in Singapore waters
11:49 Drydocks World steel cutting ceremony marks start of UK Norfolk Vanguard Offshore Wind Platforms project
11:23 North Pacific Green Corridor Consortium aims to decarbonize transportation corridor between Canada, Japan and South Korea