• 2018 February 15 16:38

    Container throughput drives growth in Rotterdam

    Particularly strong growth in container throughput of 12.3% (in tonnes) was the main driver of growth in the port of Rotterdam throughout 2017. Total cargo throughput rose by 1.3%, with the port returning to the growth trend seen before 2016. According to the port's press release, total tonnage increased from 461 million to 467 million. The increase in containers was offset by a fall in dry bulk of 2.6% and in wet bulk of 4.1%. Break bulk (Roll on/Roll off and other break bulk) increased by 7%.

    Allard Castelein, CEO of the Port of Rotterdam Authority: 'The port of Rotterdam has had a good year. Led by the container sector, goods throughput rose to a record level. The container sector is particularly important because it plays an essential role in creating added value such as employment in the port and the hinterland. I am also satisfied with the high level of investment because it will allow us to facilitate our new and existing customers even better. And we can be happy with the pace at which we are implementing our plans for the energy transition and digitalisation. The Port Authority supports the goal stated in the Dutch coalition agreement to reduce CO2 emissions to 49% of the 1990 level by 2030. To make this happen, we are now appraising a large number of projects.

    We are also making progress in the field of digitalisation. Together with customers, our partners in the chain and digital platforms, we are making sure that the most promising digital innovations are being developed in Rotterdam. The Port Authority assumes an active role in the collection of data and information, and in making them available. The ultimate goal is to make the port and the logistics chains smarter and to safeguard the seamless throughput of traffic and goods. The port will also be faced with the inevitable challenges in 2018, with preparations for Brexit being one of the most important.'

    Financially sound year
    Paul Smits, CFO Port of Rotterdam Authority: 'In financial terms, 2017 was a good year for the Port Authority, with higher turnover and a higher result before tax. As a result, we were able to maintain our high investments in, among other things, improvements to the port infrastructure. In combination with the investments made by existing customers themselves in the port, this results in an extremely intense level of investment, something that is needed to stay ahead of the competition.
    The net result of the Port Authority fell because the profit for 2017 was subject to corporation tax for the first time. So that makes good cost control even more important.'

    Containers
    Container throughput rose spectacularly by 10.9% to 13.7 million TEU (twenty feet equivalent unit, the unit for containers) and, by weight, by 12.3% to 142.6 million tonnes. In the second half of the year, tonnage throughput was 14.1% higher (12.4% in TEU) than in the same period in the preceding year. There has been steady growth over the past five half years. Rotterdam's share of the container market is now at its highest level since 2000 at 31% (2017 through to Q3). Most growth was seen for Asia and South America and traffic from North America. Feeder volume in particular grew strongly (21% in TEU) for all European shipping areas and in particular Scandinavia and the Baltic states. Growth in short sea amounted to 10.2% (TEU), with a particularly sharp increase in throughput for services to and from the Mediterranean and ScanBaltic. The hinterland volume also rose (6.3%). This growth and the increase in feeder volume confirm the strong position of Rotterdam in the networks of container shipping companies and major alliances. Throughput on Maasvlakte 2 rose sharply and volume also increased at almost all other terminals.
    The throughput of loaded containers increased by 12.1% (TEU), outstripping the rise in empty containers (6.1%).

    Liquid bulk
    The throughput of crude oil increased by 2.3% to 104.2 million tonnes. This was mainly due to the higher utilisation rates for the refineries. The incoming and outgoing flows of mineral oils and oil products fell by 10.8% to 79.2 million tonnes, mainly due to fall in the exports of fuel oil from Russia. The level of fuel oil going to Asia also declined. A fall in the throughput of 'middle distillated products', in particular kerosene, was partially offset by a growth in naphtha throughput. LNG throughput increased by 16.5%, mainly as a result of higher deliveries to the gas network and the development of LNG bunker facilities. The throughput of chemical products remained stable, while biofuels rose due to a rise in European demand for biodiesel. Vegetable and animal products also increased in volume. The throughput of remaining products from the other liquid bulk category declined, as a result of which the volume for the category as a whole fell by 7.3%.

    Dry bulk
    Throughput of ores and scrap remained stable at over 31 million tonnes, although there was a slight shift in the tonnages, with scrap increasing and ore falling off slightly. Coal volume fell by 9.5% because eight coal-fired plants (two in the Netherlands and six in Germany) were closed and the other power stations produced less. The throughput of coke, which is needed for steel production, declined slightly. The Agribulk sector grew by 6.6% to 11.1 million tonnes. The amount of other dry and biomass goods tailed off slightly by 0.6% to 12.1 million tonnes. An increase in the throughput of biomass to Belgium was offset by a decline in other dry bulk. All in all, dry bulk fell 2.6% to 80.2 million tonnes.

    RoRo and Other Break Bulk
    Roll on/Roll off benefited from the use of larger vessels, the expansion of the number of services and growth in existing services. The result was a growth of 6.2%. Other break bulk rose by 9.8% as a result of increased exports, the output of monopiles for offshore wind projects, higher input of steel and an increase in aluminium throughput.

    Forecast
    The Port Authority expects the throughput volume to increase further in 2018, with growth in the container sector being lower than the exceptional growth in 2017.

    Financial results of the Port Authority
    The Port of Rotterdam Authority booked a turnover of € 712.1 million in 2017, an increase of 4.6% by comparison with 2016. Net profit amounted to € 187 million, a fall of 16.6% due to the fact that the Port of Rotterdam Authority was subject to corporation tax with effect from 1 January 2017. The exact amount to be paid can be determined only after the completion of negotiations with the tax authorities about the fiscal opening balance. Investments rose by 18.9% to € 213.8 million, the highest since the construction of the second Maasvlakte.

    Land leases, the largest revenue item, increased by 10% to € 377.3 million as a result of new contracts and indexation, or of the renewal of existing contracts at revised rates. This includes a one-off gain of € 25.8 million owing to the revision of contracts with clients. The revenue from port dues, the money paid by ships that visit the port, declined slightly by 1.7% to € 303.9 million due to a fall in the average price per tonne and an increase in discounts. Other income amounted to € 30.9 million, a rise of 8.7%.
    Operating expenses increased by 9.3% to € 261 million. The two main reasons are the increase in activities for the two strategic priorities, the Energy Transition and Digitalisation, as well as the contribution to the social dialogue concluded in 2016.

    In accordance with the existing long-term agreements, the Port Authority proposes a payment of € 94.6 million (2%) of the dividend for 2017 to the shareholders, the City of Rotterdam (70.83%) and the State (29.17%), with € 67.0 million being paid to the City and € 27.6 million to the State.

    Investments
    The mission of the Port of Rotterdam Authority is to create economic and social value by achieving sustainable growth in collaboration with clients and stakeholders. After the payment of the dividend and repayment of debts, the profits made by the Port Authority are invested in the further development of the port. In 2017, investments were made in, among other things, the Offshore Center Rotterdam, the new berth for Stena Line, the modernisation of berths in the Caland Canal, Maasvlakte Plaza and the RDM Grofsmederij as a location for new companies. The Port Authority invested a total of € 213.8 million last year, an increase on the investments of € 179.8 million in 2016.
    The Port Authority expects to maintain the high level of investment in the coming year. Important projects include the development of the Hartel Tank Terminal and the changes to the port railway via Thamesweg, eliminating the clash between transport by rail and ocean-going vessels.




2018 September 21

17:28 First ISO-container ever loaded with liquefied natural gas at the LNG terminal in Świnoujście
17:06 Gibdock, RSP Systems and New Zealand fisheries choose LR
16:31 Outlook for marine cargo insurance challenging but opportunities remain for underwriters, says IUMI
16:04 Babcock ecoSMRT receives LR acknowledgement for ship application
15:09 Trafigura holds naming ceremony for first of 35 newbuild crude oil and product tankers
14:56 IBIA takes part in SIBCON 2018
14:27 Krasnoye Sormovo shipyard launches Pola Fiva, fifth dry cargo carrier of Project RSD59 built for Pola Rise
14:09 British International Freight Association fumes over sulphur surcharge
13:52 Ukraine’s water transport carried 0.5 million passengers in 8M’18, up 10.5%, Y-o-Y
13:31 Maersk’s regional carriers go to market under one brand
13:09 GE Shipping takes delivery of Secondhand Very Large Gas Carrier “ Jag Vasant ”
12:50 ABP aims for frictionless trade with blockchain
12:28 Cargo transportation by Ukraine’s water transport declined by 1.9% to 3.6 million tonnes in 8M’18
12:09 COSCO SHIPPING Tanker (Dalian) takes delivery of 319,000 dwt Mt Cosnew Lake
11:07 Odfjell finalizes sale of Rotterdam tank terminal
10:36 ABP promotes South Wales ports as cruise destinations
10:07 Georgia Ports plan 8 million TEU capacity by 2028
09:54 Brent Crude futures price up 0.06% to $78.75, Light Sweet Crude – up 0.14% to $70.22
09:35 Bunker prices are going up at the Port of Saint-Petersburg, Russia (graph)
09:16 Baltic Dry Index is up to 1,396 points
09:03 APL’s Eagle Express service makes a solution for precise logistics management
08:07 Yang Ming to upgrade China-Vietnam-Thailand service
07:20 Iskes Towage names twin Damen ASD Tugs 3212 Mars and Mercurius

2018 September 20

21:17 Expert says production declines and geopolitical unrest may push bunker prices up
18:02 SITC holds naming & delivery ceremony for M/V “SITC TOYOHASHI”
17:54 Sovcomflot participates in Eastern Economic Forum’s business programme
17:30 Kurt Bodewig appointed as new European Coordinator for Motorways of the Sea
17:07 Port of Singapore holds annual multi-agency ferry emergency exercise
16:46 IAPH regional conference sets pan-African ports agenda
16:25 UAE to host Dubai Marine Insurance Conference 2018 on November 20-21
16:07 Governments of New Zealand and Australian announce fumigation requirement for import cargos
15:48 Sovcomflot is a Partner of the Second Conference “LNG Fleet and LNG Bunkering in Russia”
15:32 NYK product tanker rescues 28 fishermen off the coast of Colombia
15:04 CMA CGM announces GRR from Asia to West Africa
14:56 Admiralteiskie Verfi launches the Kronshtadt, diesel-electric submarine of Project 677
14:32 DNV GL releases autonomous and remotely operated ship guideline (UPDATE)
14:04 Port of Long Beach awarded $4.2 mln security grant
13:32 ABS supports innovative yacht design with dedicated guidance notes and software
13:20 Finnish Transport Agency: international seaborne transport volumes show significant boost
13:04 Port of Antwerp works on structural solutions to improve mobility
12:43 Arctic group of RF Navy’s Northern Fleet enters Chukchi Sea through Bering Strait
12:30 Wison receives AiP from LR for 300MW FSRP
12:04 Port of Rotterdam and Rönesans Holding sign agreement for petrochemical industrial zone in Turkey
11:49 IMO to start consideration of legal framework for low-flashpoint diesel
11:30 Gulftainer signs 50-year, $600 million concession to operate and expand Port of Wilmington in Delaware, USA
11:18 Fuel oil prices are going up the Far East ports of Russia (graph)
11:04 Green Corridor JIP delivers innovative bulk carrier designs for a low emissions future
10:55 IMO takes important step to facilitate use of methanol
10:30 HHI receives AiP from LR for a VLGC design capable of using LPG as fuel
10:19 Brent Crude futures price up 0.3% to $79.64, Light Sweet Crude – up 0.61% to $71.2
10:03 OpenIJ starts sinking operation of the lock gate chamber at the Port of Amsterdam
09:50 Passenger Port of Saint-Petersburg ("Marine Façade") welcomed MSC Meraviglia
09:34 CMA CGM announces GRR from India to East Africa
09:17 Baltic Dry Index is up to 1,373 points
09:03 Port of Rotterdam organises information meeting about the replacement of Maaskade quay wall
08:34 DNV GL launches revised design standard and new certification guideline for floating wind turbines
08:04 ABS issues AIP for Jiangnan’s LNG Jumbo

2018 September 19

18:10 Significant reserve growth confirmed at the Utrenneye field
17:53 Green Corridor JIP delivers innovative bulk carrier designs for a low emissions future
17:35 Rolls-Royce launches new range of powerful medium speed V-Engines